The Miami Dolphins, a professional American football team, announced that Litecoin is the team's official cryptocurrency.

In addition to reaching an agreement with Litecoin, the Miami Dolphins team has also partnered with the cryptocurrency payment processor Aliant Payments to offer cryptocurrency payments for their raffle events. Half of the proceeds from the raffle events will be donated to charitable organizations.

The Miami Dolphins have partnered with the cryptocurrency payment provider Aliant Payments in addition to reaching an agreement with Litecoin for their raffle event, where half of the proceeds will be donated to charity.

The event allows cryptocurrency enthusiasts to purchase raffle tickets with Litecoin and Bitcoin, and according to a report, the event can be accessed online or directly at the Hard Rock Stadium. Apart from the raffle, Litecoin will also be featured in Miami Dolphins' games and a series of advertisements.

Charlie Lee, the founder of Litecoin and a board member of the Litecoin Foundation, hopes that this partnership will serve as an educational platform for the public on Litecoin and cryptocurrency:

This collaboration presents an opportunity for Litecoin to be exposed to millions of global audiences, advancing the adoption of cryptocurrency. We believe this has a powerful marketing effect that can significantly increase public awareness and education about Litecoin and cryptocurrency.

This is not the first time a professional sports team has collaborated with cryptocurrency. As previously reported by ABM, Portuguese sports club SL Benfica became the first European football club to accept cryptocurrency payments for their merchandise. Besides Bitcoin and Ethereum, customers can also use the token UTK from the partner UTRUST for transactions.

Litecoin is soon to undergo a halving of mining rewards, and in response to this, Litecoin founder Charlie Lee mentioned in an interview that this could have a certain impact on the Litecoin mining ecosystem.

As of now, according to data from Coinmarketcap, Litecoin still holds the fourth position in terms of market capitalization, with a decline of 25.36% since July.

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