Coin Edition -
- American Investor Mark Cuban told his followers that ‘Dallas Mavericks’ still accept Dogecoin as payment.
- The basketball team started accepting the meme coin as payment in 2021.
- CoinMarketCap data shows DOGE added 4% to its value in the last seven days.
American businessman and shark investor Mark Cuban sparked excitement in the crypto community after he disclosed that the Dallas Mavericks still accept Dogecoin as a payment method.
Cuban made the statement during a spontaneous Ask Me Anything (AMA) session on January 29 with his 8.8 million followers on X. During the session, a user asked, “Do the Mavs still accept Dogecoin?” Cuban responded, “Yes.”
In 2021, Dallas Mavericks, an American professional basketball team, became one of the sports brands to start accepting dogecoin for payments. At the time, Cuban announced that the team had decided to accept the meme coin token for tickets and merchandise payments.
Furthermore, the renowned investor clarified that the decision came from the need to do things in business that are “fun, engaging, and hopefully generate a lot of PR.” Cuban continued by reemphasizing that the team will take Dogecoin “today, tomorrow, and possibly forever more.”
While the cryptocurrency market has since gone through several cycles that have sent prices up and down, the basketball team appears unfazed by the volatility. Additionally, Cuban’s confirmation means the team has continued accepting DOGE for payments despite the renowned investor selling his majority stake last year.
Mark Cuban, a prominent figure in the traditional realm, is one of the renowned figures in the space to have pivoted to the cryptocurrency ecosystem. However, the transition into the ecosystem has been bitter-sweet for the investor. Last year, the “Shark Tank” investor fell victim to a $1 million crypto scam theft. The scam went public after assets within Cuban’s wallets were suddenly moved after months of inactivity.
Following the reports, the billionaire businessman confirmed his misfortune. Cuban said he fell victim after he downloaded a dodgy version of the popular crypto wallet software Metamask. Nearly one million dollars worth of cryptocurrencies were taken from the investor.
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