Tue, January 31, 2023

NBA Team, Dallas Mavericks to Adopt Digital Coins

Digital Coins: Mark Cuban at the 2013 American Music Awards

 

On Tuesday, the NBA team by Mark Cuban’s Dallas Mavericks announced via a press release that it would fund digital coins as a method of payment.

BitPay, a cryptocurrency payment processor, confirmed the news on August 13, from a tweet.

Specifically, the team is letting fans to purchase tickets and merchandise online by way of a partnership with digital coins payment processing company Bitpay.

This move makes the Mavs the second team in the NBA to adopt bitcoin. In 2014, the Sacramento Kings became the first.

Dallas Mavericks owner, Mark Cuban, stated, “We want our fans who would like to pay with Bitcoin to have the opportunity to do so.”

He also added, “BitPay allows our global fans to make purchases with the Mavs seamlessly.”

Cuban’s Prior Involvement in Digital Coins

It is not Cuban’s first attempt into cryptocurrencies. In 2017, the American businessman supported 1confirmation. The firm devoted to investing in crypto-related startups and projects.

Cuban’s prior connection in the crypto field comprises investments in both a digital currency hedge fund and an ICO. Moreover, the launch of the Ethereum-based Mercury Protocol was also a part of the plan back in August 2017.

Back then, Cuban indicated in a news report that cryptocurrency “is an interesting space that I would want to get involved with and learn more.”

The investor has this summer to be able to speak out his opinion regarding why Facebook’s Libra digital coins is a big mistake and could even be dangerous.

This month, he said he believed Bitcoin is similar to gold from an investor’s perspective.

Urging of Mass Cryptocurrency Adoption

Elsewhere, sports are gradually making the opportunity for bringing blockchain and digital coins to a vast audience.

Just yesterday, news reports broadcasted that the iconic American boxer Mike Tyson is leading a new blockchain-powered cross-entertainment scheme.

In addition, a token fan network was also created that aims to shape aspiring young fighters to success.

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