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

By Prashant Jha
March 4, 2021 Updated March 4, 2021
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Dallas Mavericks, the NBA team owned by billionaire Mark Cuban has become the first professional sports team to accept Dogecoin as a form of payment. The basketball team was already accepting Bitcoin and going by Cuban’s word, the team did not receive any significant payment in Bitcoin. While many were wondering the reason behind the decision, the official press release seems to have answered it and in true Mark Cuban style he said “because we can”

“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. For those of you who would like to learn more about Dogecoin, we strongly encourage you to talk to your teenagers who are on TikTok and ask them about it.”

The billionaire entrepreneur has been making crypto headlines for years in what started with bashing Bitcoin with the same old rhetoric of no intrinsic value to his newfound interest in Defi tokens, Ethereum and NFTs. Cuban says his team started accepting Bitcoin almost five years ago and his only aim was to prove that no one buys anything in Bitcoin.

BitPay to Feciliate Dogecoin Transaction For Dallas Mavericks

The Dogecoin payments would be facilitated by crypto payment processor BitPay which added Dogecoin to their platform only today and Dallas Mavericks became the first client to tie-up for Dogecoin payments. As evident from Cuban’s response, the addition of the meme digital currency seems to be more PR-centered than a payment goal.

Cuban seems to be more of an Ethereum proponent who believes the second largest blockchain network would become a gateway for the decentralized world. He also believes Bitcoin would be more prominent as a store of value than a payment solution.

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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