Dallas Mavericks owner Mark Cuban says the NBA team is now accepting Dogecoin (DOGE) as payment for game tickets and merchandise.
The billionaire reveals in a statement why the franchise has decided to support the meme cryptocurrency.
“The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important, earth shattering reason, because we can! Because we can, we have chosen to do so.
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. So we will take Dogecoin, today, tomorrow and possibly forever more.”
Dogecoin began as a joke in 2013, but interest in the cryptocurrency soared this year as billionaire Elon Musk and celebrities like Snoop Dog show support for the coin on Twitter.
In February, Cuban also tweeted that he bought Dogecoin to teach his 11-year-old son about investing. The coin is now the 14th largest cryptocurrency by market cap.
The Mavs are an early adopter of cryptocurrency. The team began accepting Bitcoin (BTC) in May 2019. To date, it supports payments in Bitcoin, Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC), Gemini Dollar (GUSD), Paxos Standard (PAX), Binance USD (BUSD) and now DOGE.
Cryptocurrency payments service provider Bitpay will process Mavericks’ Dogecoin transactions.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Zero99