The Kings announced Thursday that fans will be able to buy gear from the official team store and pay for tickets with the digital money beginning March 1. Purchases will be processed through BitPay, which accepts the digital dollars and pays the Kings in cash.
Bitcoin users buy digital money and load it onto a virtual wallet. Unlike government-issued money, the value of Bitcoin fluctuates rapidly. At one point Thursday, the value of one Bitcoin was worth nearly $850.
Kings owner Vivek Ranadive said the new payment method is part of his model for "NBA 3.0, which focuses on investments in technology, globalization and deep community partnerships."
Sacramento Kings Coverage
(AP) -- Sacramento's eminent domain lawsuit against the owners of a former Macy's department store downtown will be tried in the city.
A Sacramento County Superior Court Judge has ruled against two groups that sued the Sacramento City Clerk over her decision to keep an arena-funding measure off the June ballot.
A Sacramento Superior Court Judge has told attorneys he is inclined to rule against two groups suing the City of Sacramento. They are suing over rejected arena-funding petitions.
Sacramento Mayor Kevin Johnson delivered his State of the City address with the great majority of it focused on the proposed downtown arena.
Plans for a new Sacramento Kings arena are getting good reviews from new NBA Commissioner Adam Silver.