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.
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
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.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.