The Dallas Mavericks have become the second NBA basketball team to accept Bitcoin (BTC) as payment for game tickets and merchandise.
BitPay will process the Bitcoin (BTC) payments.
A tweet from cryptocurrency payment processor BitPay confirmed the news on August 13.
The news doesn’t come as a big surprise since Mark Cuban – team owner, investor and crypto enthusiast – already hinted last year that fans would soon be able to buy tickets for Mavericks home games and pay with Bitcoin (BTC).
A year and a half later, Cuban’s plans have come true and the Dallas Mavericks are joining the Sacramento Kings, rolling out access to cryptocurrency for their fans.
The Sacramento Kings became the first NBA team in the United States to accept Bitcoin (BTC) for merchandise and tickets since 2014.
According to an excerpt from the Dallas Mavericks press release, shared by social media sources, the Mavericks – such as the Sacramento Kings – use BitPay services to process Bitcoin payments from their fans.
Cuban’s previous involvement in the crypto industry includes investments in both a digital currency hedge fund and an ICO, as well as the launch of the Ethereum-based Mercury protocol in August 2017.
The successful investor has expressed his opinion about Facebook’s Libra cryptocurrency this summer. According to Cuban, Libra is a big mistake and the launch of the cryptocurrency can even be dangerous. Earlier this month, he also said that he believes that Bitcoin (BTC) is fundamentally similar to gold from an investor’s perspective.
Sport is an interesting market for bringing cryptocurrency and blockchain technology to a large audience.
Earlier this month it was announced that the NBA, in collaboration with Dapper Labs, is working on a new crypto collectibles game called NBA Top Shot.
Last month it was announced that the Miami Dolphins, one of the most famous American Football teams in the United States, welcomed Litecoin (LTC) as the team’s official cryptocurrency.