NBA Dallas Mavericks started accepting bitcoin as a method of payment despite the fact that the owner of the club has a rough history with the number one cryptocurrency as we read previously in the altcoin news.
Many believe that this is just a PR stunt for the club but the club started accepting Bitcoin as a method of payment for game tickets and merchandise. NBA has generated more than $8 billion in revenue last season and the latest bitcoin adoption could only bring Bitcoin to the next level. The NBA Dallas Mavericks announced their plan via press release on August 13th and now they are the second team in the NBA to have started accepting bitcoin payments. According to the press release and tweets, BitPay will be the payment processor in the latest developments. The move to use a bitcoin-friendly payment processor will offer the fans of the NBA club to have a seamless experience with cryptocurrencies when buying tickets or merchandise with the number one cryptocurrency. The Mavericks are now the second Bitcoin-friendly NBA team and the first adopter were the Sacramento Kings who began accepting bitcoin for certain products only including tickets since 2014.
This is the latest partnership for BitPay since earlier this year the company started collaborations with some of the greatest names in the industry. For example, the Atlanta-based Bitcoin payment processor is now allowing AT&T clients to pay their carrier bills with Bitcoin. The Chief commercial officer of BitPay explained to Bloomberg at that time that the partnership like this will only help move the bitcoin price dramatically in the upcoming months and years. It is very clear that Bitcoin is finally finding use as a form of digital cash and not just as digital gold or digital safe haven asset that is only used in geopolitical turmoils. What is also very interesting is that the owner of the NBA Mavericks club Mark Cuban has expressed a lot of skepticism towards Bitcoin in the past. When he was speaking to the gold-centric business news outlet, he noted that he sees a lot of similarities between gold and Bitcoin but that bitcoin has little inherent value. He even stated as we can read in the latest cryptocurrency news:
“There’s going to be some despot in some African country that gets really upset that they can’t control their currency anymore and that’s where the real problems start occurring.”
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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