In another sign that dogecoin may be moving beyond its roots as a meme token, the Dallas Mavericks are set to begin accepting the cryptocurrency as payment for tickets and merchandise.
Owner Mark Cuban told DealBook Thursday that he and his basketball team decided on this, “because we can!” The billionaire entrepreneur added: “Sometimes in business, you have to do things that are fun.”
This isn’t the first time the team is accepting cryptocurrency as payment. In May 2019, the team began accepting bitcoin “to offer the Dallas Mavs’ global fans a seamless experience to purchase merchandise.” Like bitcoin, dogecoin transactions will be done through BitPay, a cryptocurrency payment processor.
The legendary investor and Shark Tank host has taken an interest in dogecoin, often making his sentiments public through Twitter. Most recently, he tweeted about buying dogecoin to teach his son about investing.
The hype train for buy now, pay later (BNPL) continues to pick up steam as consumers seek shopping alternatives during the pandemic – could this emerging payment option be a credit card killer?
While flexible payments are something that all generations can get behind, younger consumers in particular are drawn toward simple payment processes and behavioral shifts away from traditional credit cards.
As a way to better understand usage, experiences, and trust surrounding BNPL, The Strawhecker Group (TSG) surveyed over 1,500 U.S. consumers in February. Check out some highlights below and download the infographic to get a better understanding of why consumers are choosing BNPL.