DraftKings puts out plan to to accept crypto-payments in the future

ambcrypto.com:

In recent months, businesses all around the world have begun to integrate Bitcoin payments into their systems. As a result, more payment options will be available, and payment challenges will be reduced, particularly abroad.

DraftKings is one of many institutional brands experimenting with blockchain, cryptocurrency, and non-fungible tokens. DraftKings, a popular sports betting and fantasy sports company, has entered the cryptocurrency market, first with NFTs and then with crypto-payments.

The acceptance Bitcoin or any other altcoin has received over the past few years is remarkable. Bitcoin has the potential to disrupt existing traditional payment networks, according to executives at payments startup Block (SQ). Especially with the rapid usage of the Lightning Network.

DraftKings, a publicly-listed fantasy sports and sports betting company, has gone all-in on crypto. Particularly NFTs over the last year.

DraftKings introduced an NFT marketplace in July that is the only location where NFTs from Tom Brady’s platform Autograph can be found. A CryptoPunk NFT was also given away as a winner in a fantasy game, and the company’s three co-founders also wore CryptoPunk T-shirts to ring the Nasdaq’s opening bell in June.

Is it possible that adopting cryptocurrency as payment for fantasy sports and betting will be next on the agenda? It’s very plausible, according to DraftKings CEO Jason Robins. Less than a year after launching the NFT marketplace, DraftKings is ready to provide a Bitcoin betting and payment option. With this new feature, users will be able to wager on games using Bitcoins. They will also be able to make payments on the app using Bitcoins.

This won’t be an easy trip, as Robins is well aware of the impending regulatory