Cryptocurrency payment service BitPay has secured an agreement with NBA outfit Dallas Mavericks to process all Bitcoin purchases at games.
The agreement makes Dallas the second team in the NBA to accept Bitcoin as a method of payment for game tickets and merchandise.
The Sacramento Kings became the first NBA team to accept Bitcoin back in 2014.
“The Dallas Mavericks have been an outspoken advocate for Bitcoin, opening up opportunities for the team as it starts to accept Bitcoin for ticket sales and merchandise,” commented Stephen Pair, CEO of BitPay.
Fans of the Mavericks will now be able to purchase tickets and merchandise with Bitcoin. The move is part of the team’s effort to accept as many forms of currency for accessibility and sees the side “continue to lead the way in sport’s technological innovation.”
“We want our fans who would like to pay with Bitcoin the opportunity to do so. BitPay allows our global fans to seamlessly make purchases with the Mavs,” said Dallas Mavericks owner, Mark Cuban, who recently described Facebook’s Libra development as ‘dangerous’.
BitPay was founded in 2011 and has raised over $70 million from investors including Founders Fund, Index Ventures and Aquiline Technology Growth.