The Dallas Mavericks NBA basketball franchise will become the first to accept BitPay’s new cryptocurrency, Dogecoin, for tickets and merchandise online.
BitPay, which has led the way in blockchain payment processing, offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into money for spending at businesses.
The Mavericks has been accepting Bitcoin as a method of payment for game tickets and merchandise for almost two years. It will now be the first to accept Dogecoin, which is a decentralised, peer-to-peer digital currency with a $6bn market cap that enables customers to send money online.
Stephen Pair, chief executive 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 Mavs Fans for Life (MFFLs) 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.”
The Mavericks uses 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.
BitPay enables businesses to accept cryptocurrency as a form of payment without having to buy, own or manage crypto.
Dallas Mavericks 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. 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. They will be able to explain it all to you.”