The history of the birth of Dogecoin(DOGE) started as a joke, but now it has become one of the most well-known cryptocurrencies, from now on fans or fans of the Dallas Mavericks can use Dogecoin(DOGE) as ticket payments and special merchandise for the team Dallas Mavericks.
Dallas Mavericks is one of the NBA Basketball Team, before receiving payment by Dogecoin(DOGE) this basketball team has been receiving Bitcoin(BTC) payments in advance for almost two years.
This news was confirmed by the Franchise National Basketball Association on Thursday, that this has become the first major business to accept Dogecoin(DOGE) as payment, allowing users to convert digital currency into fiat using BitPay.
We're proud to be the first business to accept the #crypto Dogecoin for payment using BitPay!
You can now use #Dogecoin to buy tickets and merch online, making @DallasMavsShop more accessible to MFFLs everywhere!— Dallas Mavericks @dallasmavs March 5, 2021
Not only Dogecoin (DOGE), Mavericks fans can also use BUSD, PAX, USDC, GUSD, and Bitcoin Cash (BCH) as tools to pay for merchandise.
In addition, Stephen Pair, as CEO of BitPay, also said that this NBA franchise also really helped pave the way for adopting cryptocurrency:
"BitPay believes that with the continued adoption of cryptocurrency, the industry is reaching a point of change that will forever change consumer confidence, trust, and pave the way for blockchain payments to renew the way consumers and businesses receive and spend funds."
Mark Cuban, owner of the Dallas Mavericks club, has confirmed this news to all major media outlets and explained the reason why he uses Dogecoin (DOGE) as a payment:
"It's real. And why don't we accept it? Our payment gateway supports it. We'll HODL whatever we get. And that's good homework and fun to do!"
Mark Cuban, apart from the owner, is also a billionaire who has switched to cryptocurrencies for a long time in the past, but now appears to have embraced the digital asset class in recent months. Recently he has also created controversy where he warned against Bitcoin(BTC), namely Peter Schiff, Mark Cuban said that gold will no longer be a store of value, because the innovations in cryptocurrency make it easier for people to create their own banks.
As for what made the popularity of Dogecoin(DOGE) as a cryptocurrency teased earlier this year, even surpassing Bitcoin(BTC) in terms of tweet volume, this was because the community of Reddit members jointly pumped GameStop to focus their hard work on Dogecoin(DOGE), and in addition to the support from Elon Musk for this coin is also one of the contributions to why Dogecoin(DOGE) was able to rise so far.
Read more about cryptocurrencies and blockchain here @khezcute
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