Bitcoins are getting their own bowl game.
BitPay, a company
that performs bitcoin integration for merchants, announced on June 18
that it had reached an three-year agreement with ESPN Events for
naming rights of the NCAA's postseason football bowl game in St.
Petersburg, Fla., which is now the Bitcoin St. Petersburg Bowl.
"This will be a fantastic opportunity to raise bitcoin
awareness to millions of new users,” BitPay co-founder and CEO Tony
Gallipi wrote in a blog post on the company’s website.
"Our goal is to make it the largest and most exciting bitcoin
event ever produced.”
Bitcoin is a virtual currency not
backed by any government or any material, though physical bitcoin
tokens or medals do exist and are collected.
Bitcoin St. Petersburg Bowl will be played at Tropicana Field on Dec.
The title sponsor for the bowl until now was Beef ‘O’
The 2013 Beef ‘O’ Brady's Bowl, as it was known, was
won by East Carolina, who topped Ohio, 37-20.
bitcoins are not the collector’s items that traditional coins are.
Like many coins, however, bitcoins are investments with value that
fluctuates over time depending on supply and demand.
In other recent bitcoin-related news: