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Mark Kuban’s Dallas Mavericks will accept dogecoin for tickets and goods Currency News Financial and business news



Mark Kuban

In another sign that dogecoin may be moving beyond its roots as a meme sign, the Dallas Mavericks are set to start accepting cryptocurrency as payment for tickets and goods.

Owner Mark Kuban told DealBook on Thursday that he and his basketball team decided this, “because we can!” The billionaire entrepreneur added: “Sometimes in business you have to do things that are fun.”

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This is not the first time the team has accepted cryptocurrency as payment. In May 2019, the team began accepting bitcoins “to offer global Dallas Mavs fans a hassle-free shopping experience.” Like bitcoin, dogecoin transactions will be done through BitPay, a cryptocurrency payment processor.

The legendary investor and host of Shark Tank is interested in dogecoin, often announcing his feelings via Twitter. Most recently, he wrote on Twitter that he was buying dogecoin to teach his son to invest.

Dogecoin, starring Shiba Inu as a mascot, was created as a joke in 2013, but has been in the spotlight ever since, thanks in large part to the attention given by big players like Elon Musk and Snoop Dog, among others. personality. Musk sent the price of the cryptocurrency to jump 25% in February in just one word on Twitter.

Dogecoin also received a boost on Monday when bitcoin ATM company CoinFlip posted on Twitter that dogecoin fans can now buy cryptocurrency with money in any of its 1,800 locations across the country.

Despite the instability of the cryptocurrency, dogecoin has risen steadily in recent months. This is an increase of 825.24% so far. The valuation briefly revolves around a market valuation of $ 10 billion, making it more valuable than a number of well-known companies.

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