Billionaire Mark Cuban’s NBA Team Now Accepting Bitcoin As Payment Method
The Dallas Mavericks are now accepting Bitcoin for tickets and merchandise. They follow the Sacramento Kings, which became the first team in the NBA to accept BTC in 2014.
According to the announcement,
“The Mavs will utilize the service provider BitPay to process all Bitcoin purchases. BitPay, the largest bitcoin payment processor in the world, offers the Dallas Mavs’ global fans a seamless experience to purchase tickets and merchandise with the Bitcoin Cryptocurrency.”
— BitPay (@BitPay) August 13, 2019
Sports fans are increasingly finding more ways to spend their cryptocurrencies as developers launch new initiatives to push the mainstream adoption of Bitcoin and other leading digital assets. NFL player Russell Okung is currently promoting an upcoming educational event for cryptocurrencies in Los Angeles.
Litecoin creator Charlie Lee has forged a number of partnerships to popularize LTC as a payment option, including collaborations with mixed martial arts company UFC and premier kickboxing league Glory.
Crypto enthusiast and billionaire entrepreneur Mark Cuban became the Mavericks’ majority owner in 2000. While Cuban has said he believes Bitcoin could go to $15,000 or zero – and maybe both in the same day – he says the world’s most popular cryptocurrency has a distinct advantage over gold as a store of value.
“The good news about Bitcoin is there’s a finite supply that will ever be created. And the bad news about gold is they’ll keep on mining gold.”