Crypto merchant service provider Bitpay has added dogecoin to its list of supported cryptocurrencies. One of its merchants, the Mark Cuban-owned Dallas Mavericks has become the first in the network to accept the meme coin. Meanwhile, a major crypto ATM operator Coinflip has made dogecoin available for purchase at its 1,800 crypto ATMs nationwide.
Dogecoin Added to Bitpay’s List of Supported Cryptocurrencies
In an official announcement Thursday, the cryptocurrency merchant service provider detailed:
[Bitpay] today announced the rollout of dogecoin payments for merchants and consumers.
Dogecoin was started as an internet meme. However, it has grown to a near $10 billion market cap in recent months due to support from celebrities such as Tesla and Spacex CEO Elon Musk, Snoop Dogg, Gene Simmons, and Kevin Jonas.
Bitpay further revealed that “An early adopter of cryptocurrency, the Dallas Mavericks will be the first to accept dogecoin.” The Mark Cuban-owned team has been accepting bitcoin as a method of payment for game tickets and merchandise for almost two years.
The owner of the Dallas Mavericks, Shark Tank star Mark Cuban, commented: “The Mavericks have decided to accept dogecoin as payment for Mavs tickets and merchandise for one very important, earth-shattering reason, because we can … We have chosen to do so because sometimes in business you have to do things that are fun, engaging and hopefully generate a lot of PR.”
For those who are not familiar with dogecoin and would like to learn more, Cuban advised, “we strongly encourage you to…