The Dallas Mavericks have grow to be the second NBA group to settle for Bitcoin (BTC) as a way of cost for match tickets and merchandise.
A tweet from cryptocurrency cost processor BitPay confirmed the information on Aug. 13.
Mavs’ billionaire proprietor is a crypto fanatic
Cryptocurrency adoption has been on the horizon for the Mavs since early final 12 months, when group proprietor and billionaire tech investor Mark Cuban hinted that followers would quickly have the opportunity to use Bitcoin to purchase tickets to the group’s video games.
A 12 months and a half later, Cuban’s plans have materialized and the Mavs be a part of their NBA rivals, The Sacramento Kings, in rolling out cryptocurrency entry for his or her followers.
The Sacramento Kings turned the primary NBA group to settle for Bitcoin for promotional merchandise in addition to for tickets as early as 2014.
In accordance to an excerpt from a Dallas Mavericks press launch shared by trade sources on social media, the Mavs — like The Sacramento Kings — be utilizing BitPay’s providers to course of their followers’ Bitcoin funds.
Cuban’s prior involvement within the crypto house contains investments in each a digital forex hedge fund and an ICO, in addition to the launch of the Ethereum-based Mercury Protocol again in August 2017.
The investor has this summer season voiced his opinion that Fb’s Libra cryptocurrency is an enormous mistake and will even be harmful. This month, he additionally stated he believes Bitcoin is essentially comparable to gold from an investor’s perspective.
Driving mass cryptocurrency adoption
Sports activities have gotten an more and more fertile floor for bringing blockchain and cryptocurrency to an enormous viewers.
Simply yesterday, Cointelegraph reported that the enduring American boxer Mike Tyson is main a brand new blockchain-powered cross-entertainment enterprise and fan token ecosystem that goals to catapult aspiring younger fighters to success.
Blockchain platform Socios.com has additionally sealed a variety of partnerships with main worldwide soccer groups — together with French membership Paris Saint-Germain, Italy’s Juventus and the UK’s West Ham United — for a collection of fan token choices.