On Thursday (March 4), crypto payment processor BitPay announced that it is now allowing merchants to accept the internet’s favorite meme cryptocurrency Dogecoin (DOGE) for payments, and that “the Dallas Mavericks will be the first to accept Dogecoin.”
According to BitPay’s press release, “Mavs Fans for Life (MFFLs) can now use Dogecoin to buy tickets and merchandise online, making Mavs merchandise more accessible to MFFLs everywhere.” BitPay says the NBA team owned by billionaire entrepreneur and investor Mark Cuban (who is also one of the “sharks” on the highly popular reality show “Shark Tank”) has been accept Bitcoin (BTC) payments for nearly two years. It goes on to say that the Mavs “use BitPay to process all cryptocurrency purchases including tickets and merchandise with all top cryptocurrencies including BTC, BCH, ETH, USDC, GUSD, PAX and BUSD and now DOGE.”
Stephen Pair, CEO of BitPay, stated:
“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.“
As for Cuban, who has been talking a lot about crypto in the past couple of months, he has this to say:
“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. 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.“
According to data by CryptoCompare, DOGE is currently (as of 17:10 UTC on March 4 trading around $0.05000, down 2.08% in the past 24-hour period, but up 982.48% in the year-to-date period thanks to incredible support from Tesla CEO Elon Musk, who seems to be DOGE’s best friend.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.