Mark Cuban’s Dallas Mavericks Are Accepting Dogecoin As Payment ‘Because We Can’

Mark Cuban’s Dallas Mavericks Are Accepting Dogecoin As Payment ‘Because We Can’

Topline

Billionaire Mark Cuban's Dallas Mavericks basketball team will be the first merchants to accept dogecoin as payment starting Thursday, a big move for the cryptocurrency that began as a meme.

Mavericks owner Mark Cuban watches the NBA All Star basketball game.



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Key Facts





Dallas Mavericks fans will be able to use dogecoin to purchase tickets to games and team merchandise, and transactions will be handled by BitPay, the world's largest cryptocurrency payment provider.





Cuban said he decided to accept dogecoin for one “very important, earth shattering reason: because we can,” in a Thursday statement.







Accepting cryptocurrency also opens up business to international markets where accepting credit cards is less “practical,” BitPay said, by providing lower fees to merchants and allowing for more transparency by storing transactions on the blockchain.







Cuban told Mavericks fans who don't understand dogecoin or cryptocurrency to ask their teenage children who use the video app TikTok: “They will be able to explain it all to you,” he