The cryptocurrency craze has its fair share of supporters and opponents among sport superstars and organizations. Add the Dallas Mavericks to the first group. With the NBA season to start shortly, the Mavs have officially become the second NBA team to accept Bitcoin. Marc Cuban, the team’s governor, said that they wanted to give their own fans the opportunity to pay for tickets and merch with Bitcoin, which will be accepted through BitPay’s gateway.
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The List of Bitcoin-accepting NBA Teams Grows Longer
In 2014, the Sacramento Kings were the first NBA team to accept Bitcoin payments for tickets and merchandise. Experts rightfully expected other teams to follow their example, but not many were warmed up to the idea. Marc Cuban, one of the most popular owners in the NBA and a renowned billionaire entrepreneur, recently jumped on the Bitcoin bandwagon after announcing that his franchise, the Dallas Mavericks, recognize the cryptocurrency officially. Cuban is an outspoken Bitcoin advocate so the move shouldn’t be a surprise.
It was a bold move that will surely bring benefits to the Mavs. One of the most interesting teams to watch for the upcoming season, the Mavs are now led by teen sensation Luka Doncic and former Knicks player Kristaps Porzingis. Dirk Nowitzki is no longer there, but the franchise is in the right hands thanks to the Doncic-Porzingis duo. The move to start accepting Bitcoin as payment will undoubtedly bring new fans to the Mavs and will surely raise profits as well.
All payments will be handled by BitPay’s gateway. The company is the largest blockchain payment processor in the world. Based in Atlanta, BitPay’s processed more than $1 billion in payments for the past couple of years, setting a record transaction fee revenue.
Previously, the Mavs used 5miles, a mobile marketplace, to allow their fans to buy tickets and merch using several cryptocurcencies. However, the relationship ended in 2018, paving the way for the “marriage between the Mavs and BitPay.
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