Aussies can now buy a Sport Star Academy franchise with Bitcoin as the multi-sports franchisor starts accepting cryptocurrency.
One Sport Star Academy business is valued at one Bitcoin.
Peter Nikolakopoulos, who founded Sport Star Academy, says accepting the cryptocurrency shows the go-ahead nature of the business and puts it ahead of its competitors.
“At Sport Star Academy, we’re constantly making innovative plans for the future of our franchises” he says. “With cryptocurrency likely to drive the next wave of information technology, we’re looking ahead in order to accommodate all potential franchisees.
“As a technology-forward business, we are also anticipating interest from budding entrepreneurs in the Gen Z and millennial crowd.”
The digital currency provides a secure payment alternative to standard currency with encrypted transactions ensuring Bitcoin has gained a huge following.
And Peter believes the move is backed by statistics that reveal the growing popularity of cryptocurrency among Aussies.
According to an Australian survey by global researcher YouGov, about 4 million of us expect to buy digital currencies before the end of 2021/22 financial year. The survey was commissioned by cryptocurrency exchange Kraken.
The Bitcoin Statistics Australia 2021 report from Finder also found that of the Australians who currently own some form of cryptocurrency, 65.2 per cent hold assets in Bitcoin. The report reveals that as of November, Bitcoin accounts for 42 per cent of the total value of the biggest 250 cryptocurrency coins.
The latest move into cryptocurrency comes at the end of a busy year for the kids’ multi-sport business.
In October Sport Star Academy signed a new partnership with Melbourne-based Aquastar Swim School.
There are more than 30 primary schools already using Aquastar for their annual swimming and water safety programs.
Now, as Aqua Star Academy, the business is on the lookout for its first 100 partners to join the team and launch the franchise across the country.
In August 2021 the multi-sport franchisor launched a whole new business division, Allstars Academy, focused on non-sporting activities such as gaming and STEM (science, technology, engineering and maths).