17 Jan Mark Cuban, the NBA’s Dallas Mavericks Owner, Will Accept Bitcoin (BTC) and Ether (ETH) For Tickets
Avid tech entrepreneur and NBA Dallas Maverick’s owner, Mark Cuban, just tweeted that next season the organization will accept both Bitcoin (BTC) and Ether (ETH) as a form of payment for ticket sales. This all started with a fan asking him on the social media platform when fans of the National Basketball Association would be able to purchase tickets with Bitcoin.
However, the Dallas Mavericks won’t be the first NBA team to accept cryptocurrency as a means of payment for tickets. The Sacramento Kings started accepting Bitcoin back in 2014 for promotional products as well as ticket sales.
In an interview with Coinbase, Cuban confirmed that they are currently looking into accepting other cryptocurrencies with their new crypto payment ability.
“We will also look at accepting tokens from companies we have traditional business relationships with as a way to expand our customer base.”
The ABC “Shark Tank” investor is a prominent figure in the cryptocurrency space. Back in June of last year, he called Bitcoin a “bubble”, but within months was on the crypto train. Cuban has now invested in a digital currency hedge fund and an ICO (which raised $31 million) and, in August 2017, also launched the Ethereum-based cryptocurrency Mercury Protocol. In October, he was cited as calling cryptocurrencies and blockchain the “future”.
In a video named “How To Get Rich” he gave a tip that you should invest 10% of your life savings into Bitcoin and Ethereum.
As the entire cryptocurrency market seems to be going through a rough patch these last two weeks, the fact that big-time tech investors such as Mark Cuban and Zuckerberg see prospects of digital currency gives a glimmer of hope. With any market, corrections will occur as well as technical issues, but investors that have been in the game long don’t seem too concerned.
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