Mark Cuban eats the Dogecoin.
After saying last month that the prank cryptocurrency “has no intrinsic value,” the billionaire owner of the Dallas Mavericks said Thursday that he decided to accept Dogecoin as a payment option for fans of his NBA franchise.
“The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for a very important and ground-breaking reason, because we can!” He said Cuban in a press release.
“We chose to do it because sometimes in business you have to do fun, engaging things that we hope will generate a lot of public relations,” Cuban added. “So we’ll take Dogecoin, today, tomorrow and possibly forever more.”
Dogecoin, a currency that was launched in 2013 as a literal joke about a dog meme by software engineers, is ideal for kids who want to learn about finance, Cuban said.
“Dogecoin is less than a penny. You can buy $ 1 or $ 10 and have fun watching it all day, ”Cuban told Forbes in January. He said he bought some for his son and that “they look at him and discuss all the price movements and why they occur. It’s fun and educational for him. “
Last month, Tesla CEO Elon Musk raised the price of Dogecoin by saying he bought one for his young son, X Æ A-Xii.
“He bought some Dogecoin for lil X, so it can be a hodler for toddlers,” Musk tweeted.
As of noon Thursday, Dogecoin was valued at just over five cents. This is against Bitcoin, the father of all cryptocurrencies that has been hovering around a $ 50,000 valuation in recent weeks.