Dallas Mavericks to accept bitcoin as payment

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.

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“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."

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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