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Mark Cuban Says Mavs Will Accept Bitcoin and Ether

Mark Cuban Says Mavs Will Accept Bitcoin and Ether

in Bitcoin & Cryptocurrency published on 19, January 2018

Billionaire-owner Mark Cuban has said his basketball team, the Dallas Mavericks, will accept payments in bitcoin and ether next season.

The decision to accept cryptocurrencies will be one of the first of its kind in professional sport, and could open up everyday transactions in cryptocurrencies to new audiences of sports fans.

Pressed on Twitter on the possibility of accepting payments in cryptocurrencies, Cuban replied ‘Next season’, in a message widely regarded as holding true to previous statements of intent.

Following up with online press later in the day, Cuban clarified that the Mavericks would be accepting payments in cryptocurrencies next season.

“We will be adding a crypto payment ability for next season. We will accept BTC, Eth, possibly some other currencies…to be determined.”

Cuban further suggested that support for alternative coins and tokens could be supported in future, in addition to the most well known currencies like bitcoin and ether.

“We will also look at accepting tokens from companies we have traditional business relationships with as a way to expand our customer base.”

Cuban is a notable backer of bitcoin and other cryptocurrencies, including several high profile investments in the space to date.

The ‘Shark Tank’ investor has backed esports company Unikrn, which recently ICOd for over $31 million, as well as investing in crypto fund 1confirmation, amongst others.

Cuban personally backed the ICO, in breaking with the convention for established investors promoting ICOs. In backing the Unikrn token, Cuban joined with other celebrity investors including Ashton Kutcher in backing the private launch.

The basis of the ICO sees investors buying Unikoins, a token that will be used on the Unikrn platform to bet on esports events.

His intention to announce support for cryptocurrency payments through the Dallas Mavericks comes as the latest development in his dealings with cryptocurrency, and as a vocal supporter of the technology, few analysts will be surprised by the move.

Nevertheless, the decision will be welcomed as a boost for both ether and bitcoin, and a further step towards wider mainstream adoption as a form of payment.

 

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