Entrepreneur, Mark Cuban announced on Thursday that Dogecoin can be used to pay online for tickets and merchandise for supporters of the NBA team that he owns, the Dallas Mavericks—but not everyone is a fan of the move.
“The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important, earth shattering reason, because we can!,” wrote Cuban in a news release.
The decision by the Dallas Mavericks owner isn’t its first endorsement of crypto assets. Back in 2019, the NBA franchise became the second NBA team to accept bitcoin as payment (The Sacramento Kings were the first to do so back in 2014), among a number of other digital assets.
This time, however, Cuban’s backing of Dogecoin has raised hackles within the crypto community who view the so-called “meme” crypto as a potentially dangerous asset that shouldn’t be taken seriously in the wider realm of cryptos, not least of all among novices to virtual assets.
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