The owner of the Dallas Mavericks, Mark Cuban, has recently been involved in the cryptocurrency market. He has already spoken about Ethereum, NFT tokens and countless possibilities of smart contracts. Now the basketball team he manages, which began accepting Bitcoin as a form of payment a few years ago, has partnered with BitPay. Objective? Accept DogeCoin (DOGE) in exchange for tickets and gadgets.
Dallas Mavericks accepts DogeCoins
Dogecoin is a cryptocurrency that was created on the basis of a meme – the popular “Doge”. It has recently appreciated with social media mentions backed by Elon Musk.
BitPay, a cryptocurrency payment company, has just added DogeCoin to the list of supported coins, and Cuban’s team is the first entity to accept this new form of payment. Why?
“Because we can” reported Cuban in a press release. “We decided to do this because sometimes in business you have to do things that are fun, engaging and hopefully generate a lot [dobrego] PR. So we’ll take DogeCoin – today, tomorrow and probably forever. Would you like to know more about DogeCoin, we strongly encourage you to talk to teens using TikTok and ask them about it. “
Will anyone buy a ticket for DOGE?
However, do people actually buy tickets with cryptocurrencies? In an online interview with Decrypt earlier this week, Cuban admitted… no.
– In fact, we opened up to Bitcoin five or six years ago, but nobody bought anything [za BTC]. The only reason I did it was to prove that nobody was going to buy anything [za kryptowaluty] – he recalled.
Then, he added, the team returned to the idea of adopting BTC.
– Again, someone was just trying to prove they would buy something and I was trying to prove that not many people want to do it – he explained. He added that the situation could theoretically be different now, because digital currencies have become popular. – This could prove to be a fascinating contradiction, as companies like PayPal and Tesla plan to let customers pay in cryptocurrencies: will anyone want this? – He asked.
He also noticed that “as long as you convert to fiats, you don’t really spend on cryptocurrencies. “