Dallas Mavericks owner Mark Cuban says the team will accept cryptocurrency for tickets and merchandise starting next season
The team’s announcement came in conjunction with its roll out of its new jersey patch sponor, Dallas-based shopping app 5miles.
“5miles will provide an opportunity for Mavs fans to purchase tickets through cryptocurrency,” the team said in a news release on the team’s site. “With the culmination of this partnership, the Dallas Mavericks will be one of the first teams in the NBA to accept various forms of cryptocurrency for tickets and merchandise beginning in the 2018-19 season.
“Implementing that into a marketplace app allows us to sell to our fans more securely,” Cuban said during a news conference announcing the partnership.. “We want to be able to allow people to transact business how they want, where they want, when they want.
“Cryptocurrency, obviously has taken a lot of major steps forward, so we’ll accept some of the major ones: bitcoin, ethereum….” Cuban said. The team will also accept CMT, or CyberMiles token, which is affiliated with 5miles.
“We really wanted to lead the way in accepting CMT to be the first token because of the incredible utility that it has,” Cuban said.
“We’re lucky to partner with a locally-based company that is innovative and growing exponentially,” Cuban said. “We’re excited, too, that the Mavs brand now can accept payment for single and season tickets with 5miles’ blockchain technology-based CyberMiles Tokens.”