BitPay fosters DOGE adoption; Lets merchants accept the coin as payment

BitPay fosters DOGE adoption; Lets merchants accept the coin as payment
фото показано с : invezz.com

2021-3-5 12:35

BitPay, the leading provider of crypto payment services, has started letting merchants and consumers accept Dogecoin (DOGE) as payment. A press release unveiled this news on March 4, noting that the Dallas Mavericks is the first merchant to accept DOGE as payment for tickets and merchandise. Reportedly, this move has offered Mavs Fans for Life (MFFLs) unprecedented access to the games and merchandise of the American professional basketball team.

According to the press release, the Dallas Mavericks are not new to crypto. The team has been accepting several top cryptocurrencies through BitPay for quite a while. With the adoption of DOGE, the team now accepts a total of eight cryptocurrencies, with the other seven being BTC, BCH, ETH, USDC, GUSD, PAX, and BUSD.

Commenting on this bullish news, BitPay’s CEO, Stephen Blair, said the Dallas Mavericks are prominent crypto enthusiasts. Through taking a pro-crypto stance, Blair believes that the team has created new opportunities for selling tickets and merchandise to its global MFFL fan base.

Pushing for more crypto adoption

BitPay praised crypto saying that the nascent asset class helps businesses introduce their sales into international markets, especially in regions where the acceptance of credit cards is not feasible. Crypto offers perks, such as low costs, transparency, and efficiency, which help businesses attract more customers. 

Explaining why the Dallas Mavericks decided to accept DOGE as payment, the team’s owner, Mark Cuban, said,

Because we can! We have chosen to do so because sometimes in business you have to do things that are fun, engaging and hopefully generate a lot of PR. So we will take Dogecoin, today, tomorrow and possibly forever more.

Cuban went on to urge the elderly to engage with the younger population, which is more crypto-savvy to get a lesson or two, regarding DOGE.

The post BitPay fosters DOGE adoption; Lets merchants accept the coin as payment appeared first on Invezz.

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