June 24, 2021

Mark Cuban’s Dallas Mavericks Becomes First NBA Team to Accept Dogecoin

2 min read

Dogecoin[DOGE]Price On Leap As Largest Exchange Bid To Support DOGE on Official Wallet

Dallas Mavericks, the NBA group owned by billionaire Mark Cuban has ended up being the very first professional sports team to accept Dogecoin as a type of payment. The basketball team was already accepting Bitcoin and passing Cuban’s word, the team did not receive any considerable payment in Bitcoin. While many were questioning the reason behind the choice, the main news release appears to have actually answered it and in real Mark Cuban design he stated “because we can”

“We have picked to do so due to the fact that often in service you have to do things that are fun, engaging, and ideally generate a lot of PR. So we will take Dogecoin, today, tomorrow, and potentially permanently more. For those of you who would like to find out more about Dogecoin, we strongly encourage you to talk to your teens who are on TikTok and ask them about it.”

The billionaire entrepreneur has been making crypto headlines for several years in what started with bashing Bitcoin with the usual rhetoric of no intrinsic value to his newfound interest in Defi tokens, Ethereum and NFTs. Cuban states his group began accepting Bitcoin nearly 5 years back and his only aim was to show that nobody purchases anything in Bitcoin.

BitPay to Feciliate Dogecoin Transaction For Dallas Mavericks

The Dogecoin payments would be helped with by crypto payment processor BitPay which included Dogecoin to their platform just today and Dallas Mavericks became the very first customer to tie-up for Dogecoin payments. As obvious from Cuban’s response, the addition of the meme digital currency seems to be more PR-centered than a payment objective.

Cuban appears to be more of an Ethereum advocate who believes the second biggest blockchain network would become a gateway for the decentralized world. He also believes Bitcoin would be more prominent as a store of worth than a payment solution.

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