Dogecoin’s recent surge is seeing more businesses adopting it as a payment tool.
The altcoin, which has posted enormous returns of over 600% in the last 30 days, is getting a lot of media attention as Bitcoin falters.
In a season of unprecedented success, major sports brands are quickly adding the parody cryptocurrency to their inventory, and the latest is Oakland Athletics.
Oakland Athletics Now Accepts DOGE
According to a tweet on its official handle, Major League Baseball team Oakland Athletics will enable fans to buy game tickets with their Dogecoin in their upcoming game against the Toronto Jays this month.
The US professional baseball team, also called the Oakland A’s, said fans will now be able to get pairs of plaza infield tickets for just 100 DOGE starting from May 3 to May 6.
A couple of infield tickets usually cost $80 to get but with Dogecoin rallying to $0.48 at present, and fans can enjoy a 48% discount if they choose to get their tickets with Dogecoin.
The baseball team has earmarked blockchain company Bitpay, which caters to Mark Cuban’s Dallas Mavericks as its payment processor. Fans will be able to get their tickets from the MLB Ballpark app.
This is not the first time the Oakland A’s have been active in the crypto space. As far back as March 2021, the San Francisco East Bay ballclub started accepting Bitcoin payment for a six-person suite. This would cost fans 1 BTC for a full season and would last until April 1.
In speaking about its crypto-friendly offering given the surge in the nascent industry, club president Dave Kaval pointed to the proximity of the price of Bitcoin shares with its suite offering at $64,800. He also pointed out that the baseball club is looking to give fans different choices in how they choose to pay.
Kaval said this decision stemmed from a growing awareness in the California area as more and more people are discussing and transacting with Bitcoin.
DOGE Growing Adoption In Sports
The Athletics’ decision to add the meme-based cryptocurrency to its list of supported payment options reflects the growing belief in the potential of crypto to change the financial system
Sacramento Kings and the Dallas Mavericks have also become pro-crypto teams after both started accepting BTC for ticket sales and online merchandise.
The Mavericks, however, added Dogecoin to their list of supported coins later on, and this continued adoption has since propelled the once-disregarded virtual currency into fame after reaching a $62 billion market valuation in a few short months.
It has since gone on to displace Honda Motor Co. at $52.9 billion, Ford Motors at $45.2 billion, and social media giant Twitter at $44.1 billion, according to AssetDash.
Several businesses have also started allowing Dogecoin payments on their platform, including Newegg, Canadian internet service provider EasyDNS, and a host of others.