Mark Cuban's Dallas Mavericks will support bitcoins as a method of payment, the NBA team announced via a press release on Tuesday. Specifically, the team is allowing fans to purchase tickets and merchandise online through a partnership with cryptocurrency payments processing firm Bitpay. This move makes the Mavs the second team in the NBA to accept bitcoin. In 2014, the Sacramento Kings became the first.
“We want our fans who would like to pay with Bitcoin [to have] the opportunity to do so. BitPay allows our global fans to seamlessly make purchases with the Mavs,” said Dallas Mavericks owner, Mark Cuban.
This is not Cuban's first foray into cryptocurrencies. In 2017, the American businessman backed 1confirmation, a venture capital firm dedicated to investing in crypto-related startups and projects. Back then, Cuban told CNBC that cryptocurrencies "is an interesting space that I [want] to get involved with and learn more."