The Dallas Mavericks, a professional basketball team based in Dallas, has announced that it will be the first NBA team to accept Dogecoin as a payment method, allowing crypto holders and fans to buy tickets and merchandise using the popular cryptocurrency.
The decision is the result of BitPays announcement of the rollout of Dogecoin payments for merchants and consumers using their cryptocurrency payment services.
Stephen Pair, CEO of BitPay, referred to the team’s decision by stating:
“The Dallas Mavericks are a long-time enthusiast of cryptocurrency, opening up new opportunities for the team to sell tickets and merchandise to its global MFFL fan base. BitPay believes that with continued cryptocurrency adoption, the industry is reaching an inflection point that will forever change consumer confidence, trust and pave the way for blockchain payments to disrupt the way consumers and businesses receive and spend funds.”
The Dallas Mavericks have been accepting Bitcoin payments for more than 2 years, with other cryptocurrencies like BCH, ETH, USDC, GUSD, OAX, BUSD, and now DOGE also being accepted.
Cuban is Hot for Dogecoin
Mark Cuban, one of the co-owners of the Dallas Mavericks, has been a vocal supporter of cryptocurrencies as he believes that the “tech is here to stay” and has the potential to disrupt different industries by facilitating transactions.
Cuban compared cryptocurrencies to the internet in previous interviews, sharing his thoughts that cryptocurrency supporters were crazy in a way reminiscent of the early days of the internet.
The Mavericks also made the news earlier this year when he released his personal NFT collection titled “The RollUp 202!, which had the highest bid of 7.3 WETH, the equivalent to. $10,813.65.
— Mark Cuban (@mcuban) January 27, 2021
Dogecoin Popularity Continues to Grow