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. "Because we can, we have chosen to do so. Mark Cuban, the billionaire entrepreneur and owner of the Dallas Mavericks, is a big fan of cryptocurrencies.Īnnouncing the acceptance if Dogecoin in March, Mr Cuban said: “The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important, earth shattering reason, because we can! There are no major brands or shops which accept Dogecoin as payment.īasketball team the Dallas Mavericks recently said it will start accepting Dogecoin - fans can buy tickets and merchandise with it online. Bitcoin is one of many different cryptocurrencies, but by far the most popular.Bitcoin can be traded anonymously, which can make it a popular way of funding illegal activities.Mining involves solving difficult maths problems using computer processors.Every transaction is recorded in a public ledger, or "blockchain".It's traded between people without the help of a bank.Who accepts Dogecoin?ĭogecoin's latest surge in price has been put down to eToro now supporting the cryptocurrency. Just like bitcoin, Dogecoin is a virtual currency that can be bought and sold, as well as used to make purchases. There is also little consumer protection or regulation compared to traditional investments or savings protections.īefore buying cryptocurrencies or making any investment you should understand all the risks and be aware that you could end up losing cash. Marketing materials: Firms may overstate the returns of products or understate the risks involved.Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products. Converting a cryptoasset back to cash depends on demand and supply existing in the market. Updated Binance.US strives to be a reliable and efficient marketplace providing access and trading across a healthy variety of digital assets. There is no guarantee that cryptoassets can be converted back into cash.
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