The Dallas Mavericks have announced plans to accept Dogecoin as payment for tickets and merchandise.
Dogecoin is an open source peer-to-peer digital currency that’s seen a stark rise in popularity since being shouted out by Elon Musk.
The Mavericks – owned by cryptocurrency advocate Mark Cuban –will partner with BitPay to accept Dogecoin.
“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 [Mavs Fans For Life] fan base,” Stephen Pair, CEO of BitPay, said via Business Wire.
Dogecoin isn’t the only cryptocurrency the Mavericks accept as payment; they also accept “BTC, BCH, ETH, USDC, GUSD, PAX and BUSD.”
Cuban shared why the team is adding Dogecoin to its list of accepted currencies in a very blunt statement.
“The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important, earth shattering reason, because we can!,” Cuban said.
“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.”
It’s clear Cuban is hoping to drum up press with this announcement – and truthfully he has.
But it remains to be seen whether or not Dogecoin is a cryptocurrency that’s here to stay.