The Dallas Mavericks has become the second NBA franchise to accept Bitcoin as a method of payment for tickets and merchandise.
The news comes as part of a partnership with BitPay, who also made it possible for AT&T customers to pay their phone bills with Bitcoin in May.
The Sacramento Kings was the first NBA team to accept Bitcoin as payment for tickets and sporting goods, adopting the payment method back in 2014 when Bitcoin was worth just $800.
Earlier this year, the Miami Dolphins also secured a partnership with Litecoin, with Charlie Lee’s project becoming the team’s “official cryptocurrency”.
— BitPay (@BitPay) August 13, 2019
On Monday, boxing legend Mike Tyson announced that he has signed a deal with the Fan Controlled Football League (FCFL). The deal will see him give away sporting memorabilia via Wax’s blockchain.
All of these steps by major sporting figures and teams will help drive mainstream adoption of cryptocurrencies in the future.
Facebook’s announcement of its own native cryptocurrency, Libra Coin, has also added legitimacy to the digital asset ecosystem. It’s certainly a far cry from years ago when Bitcoin was touted as being a method of payment for illicit goods by institutions and the media.
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