Basketball Team Dallas Mavericks to Accept Dogecoin (DOGE), BitPay Facilitates Transactions
In a major announcement, popular basketball team Dallas Mavericks shall be accepting Dogecoin payments starting Thursday, March 4. Owned by billionaire Mark Cuban, who already is an investors in Bitcoin another cryptocurrencies, Mavericks will accept Dogecoin payments for ticket purchases or merchandise.
Dogecoin (DOGE) is a decentralized cryptocurrency that started as a joke cryptocurrency representing the Shiba-Inu dog breed. Dogecoin registered a wild rally earlier this year after relentless support from the world’s second-richest man Elon Musk.
Speaking about the recent development, DallasMavericks owner Mark Cuban said: “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”.
He further added: “So we will take Dogecoin, today, tomorrow and possibly forever more. For those of you who would like to learn more about Dogecoin we strongly encourage you to talk to your teenagers who are on tik tok and ask them about it. They will be able to explain it all to you”.
Interestingly, all these transactions will be facilitated by the world’s largest cryptocurrency payments provider BitPay. bitPay facilitates all crypto purchases including the merchandise and tickets of Dallas Mavericks for some of the top cryptocurrencies like BTC, BCH, ETH, USDC, GUSD, PAX and BUSD and now DOGE.
BitPay notes that accepting crypto payments provides a wider market opportunity for businesses. Besides, cryptocurrencies help to increase payment transparency and efficiency while significantly reducing cost of transactions at the same.
Stephen Pair, CEO of BitPay, said: “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.”
At press time, Dogecoin (DOGE) is trading at a price of $0.049 with a market cap of $6.3 billion. The cryptocurrency is 600% up year-to-date.