Dallas Mavericks, an American professional basketball team, has revealed that it would start to accept cryptocurrency dogecoin for tickets and merchandise. Dogecoin is not only posting strong price gains, but its adoption has increased in recent months as well. BitPay, a US-based crypto payments company, announced the rollout of Dogecoin payments for merchants and consumers. The company also mentioned that Dallas Mavericks would be the first team to accept Dogecoin.
Mark Cuban has been a vocal supporter of bitcoin and crypto.
According to the official announcement, the NBA team will accept Dogecoin for tickets and merchandise. Dallas Mavericks became the first NBA team in 2019 to accept Bitcoin as a payment method for match tickets and merchandise. Mark Cuban, an American billionaire and the owner of Dallas Mavericks, has remained a vocal supporter of Bitcoin and other cryptocurrency assets in the past. Mark Cuban tweeted, “What we are seeing with cryptocurrencies today is just a proof of concept. As tech continues to get better, cheaper, and faster, there will be new applications and maybe even something that supersedes what we know as crypto today.”
Dallas Mavericks is using BitPay to process all cryptocurrency payments.
The NBA club is currently using the services of BitPay to process all cryptocurrency payments, including top digital assets like BTC, BCH, ETH, USDC, GUSD, PAX, BUSD, and now Dogecoin. The acceptance of Dogecoin has increased in the last few months. CoinFlip, one of the largest Crypto ATM providers in the US, announced earlier this week that Dogecoin is available at the company’s network of more than 1,800 ATMs across 45 states in the US. The price of Dogecoin is currently hovering around $0.049, up more than 1,000% since the start of 2021.