U.S. Olympians Turn to Bitcoin to Fund Cost of Competing

In what may be the first of its kind for the quadrennial games, American lugers are accepting cryptocurrency donations to help fund their Olympic ambitions.

While a trickle so far -- the U.S. luge team got about $25 worth of Bitcoin donations after its star athlete won a silver medal last week -- the fundraising arm of the team is aiming for cryptocurrencies to make up a bigger part of future finances.

“Both know all about speed, crashes, risk management, and holding on. Which is maybe why the US Luge Team and Bitcoin are made for each other,” the team wrote on its website, which features images of athletes lying on top of a flat sled speeding down a curvy ice track. “Funds historically have been scarce, but the sport of luge has always been one to reward innovation and technology