U.S. Luge Team Accepts Bitcoin Cryptocurrency Donations to Bridge Funding Gap

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Mark Mason

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U.S. Luge Team Accepts Bitcoin Cryptocurrency Donations to Bridge Funding Gap

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The United States luge team used entrepreneurial thinking to use cryptocurrency to circumvent low funds.

The team’s website stated that the “US Luge Team and Bitcoin are made for each other” because luge knows “all about speed, crashes, risk management, and holding on.” Ty Danco was a former luge Olympian in 1980 and is now an angel investor pushing for U.S. luge to adopt new sources of funding because he knows “that the luge team needs a whole lot more money.” The team began accepting donations in late 2017 and by the start of the Olympics they raised 0.673 Bitcoins, which was about $5,400 USD at the time. The team was able to bring in three separate Bitcoin donations totaling $25 dollars after Chris Mazdzer won silver on Feb. 11.

Read more: https://www.dashforcenews.com/u-s-luge-team-accepts-bitcoin-donations/
 
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