Mark Cuban stumbles upon Dogecoin.
After saying last month that the cryptocurrency joke “has no intrinsic value,” the billionaire owner of the Dallas Mavericks said Thursday that he has 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 goods for a very important reason, which is shattering the earth, because we can!” The Cuban said in a press release.
“We chose to do this, because sometimes in business you have to do things that are fun, attractive and that, hopefully, generate a lot of public relations,” the Cuban added. “So we will take Dogecoin, today, tomorrow and possibly forever.”
Dogecoin, a currency that was launched in 2013 as a literal joke about a dog meme by software engineers, is great for kids who want to learn about finance, the Cuban said.
“Dogecoin is less than a penny. You can buy for $ 1 or $ 10 and have fun watching all day, ”Cuban told Forbes in January. He said that he bought some for his son and “I follow him and discuss all his price movements and why they occur. It’s fun and educational for him. ”
Last month, Tesla CEO Elon Musk raised the price of Dogecoin, claiming that he bought some for his young son, X Æ A-Xii.
“He bought some Dogecoins for lil X so he could be a hodler for young children,” Musk wrote on Twitter.
On Thursday at noon, Dogecoin was valued at just over 5 cents. This is compared to Bitcoin, the father of all cryptocurrencies, which has been around a $ 50,000 valuation in recent weeks.