Beautiful Virgin Islands

Monday, Sep 01, 2025

Mark Cuban Advocates Dogecoin For Payments, Elon Musk Agrees

Mark Cuban Advocates Dogecoin For Payments, Elon Musk Agrees

Mark Cuban, billionaire investor and owner of the Dallas Mavericks, shared with CNBC that he thinks Dogecoin has a solid use case as a payment method. DOGE community is the “strongest” when it comes to Dogecoin as a means of exchange, he said.

“It’s a medium that can be used for the acquisition of goods and services. The community for doge is the strongest when it comes to using it as a medium of exchange.”

Tesla and SpaceX CEO, Elon Musk who has been supporting Dogecoin, chimed in his agreement on the matter.

An objective examination of the qualities of “strong” payment coins, such as throughput and low transaction costs, however, shows better options do exist. Although, when has the world ever adopted the ‘best technology’ on anything?

Dogecoin Use Cases

Earlier this year in March, as Dogecoin was about to make its epic run-up, the Dallas Mavericks announced they would start accepting DOGE for tickets and online merch.

The move was somewhat groundbreaking as it showed the world, and those who were keen to point out Dogecoin’s lack of use cases that a large scale business can adopt doge as payment.

Cuban said the decision to do this was based on nothing other than the fact that they can. He added that the benefits of the move would hopefully bring about positive PR.

“Because we can, we have chosen to do so. 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. So we will take Dogecoin, today, tomorrow and possibly forever more.”

Just five weeks later, Cuban tweeted that it was an outstanding success, with more than $122k of merch paid for with DOGE. He also said he intends to keep every DOGE earned.

Since then, both Cuban and Musk have continued to reiterate their support for Dogecoin.

Last week, Cuban tweeted an offer of “special pricing” for merch buyers paying with DOGE. While Musk’s SpaceX recently announced plans to pay for adverts, beamed into the sky by satellite, using cryptocurrencies including Dogecoin.

Comparing Cryptos for Payment

Cuban and Musk have been vocal to push the payment narrative for DOGE, but there are other cryptocurrencies that in fact are cheaper to use and feature higher throughputs.

Data from bitinfocharts.com shows the average Dogecoin transaction fee comes in at $0.772. Whereas for Litecoin it’s just $0.015, while XRP is fractions of a penny.

Similarly, transactions per second for Dogecoin is rated at 33, while Litecoin is 56, and XRP is a whopping 1,500.

But the Dogecoin advocates, Cuban included, argue that DOGE for payments is about much more than just the raw numbers. Instead, as Cuban said, it’s also about the community response, which is extremely important.

DOGE Price Action

Dogecoin dipped along the rest of the crypto market. From peak to trough, DOGE suffered a 58% fall in price, bottoming at $0.16 in mid-June.

Since then, it has tested this support level on two further occasions, but failed to gain bigger momentum.

Nonetheless, early August saw a fightback leading to a decisive move above the 50-day moving average. DOGE has gone on to build on this momentum leading to a 27% gain since the breakout.

At the time of writing Dogecoin is trading at $0.32 with 29.11% gains on the weekly chart.

Cuban was quick to dismiss any insinuations that he would be pumping the DOGE price. If anything he “pumps” Mavericks merchandise products.

Source: Mark Cuban Advocates Dogecoin For Payments, Elon Musk Agrees – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
Israeli Airstrike in Yemen Kills Houthi Prime Minister
Ukrainian Nationalist Politician Andriy Parubiy Assassinated in Lviv
Corporate America Cuts Middle Management as Bosses Take On Triple the Workload
Parents Sue OpenAI After Teen’s Death, Alleging ChatGPT Encouraged Suicide
Amazon Faces Lawsuit Over 'Buy' Label on Digital Streaming Content
Federal Reserve Independence Questioned Amid Trump’s Push to Reshape Central Bank
British Politics Faces Tumultuous Autumn After Summer of Rebellions and Rising Farage Momentum
US Appeals Court Rules Against Most Trump-Era Tariffs
UK Sought Broad Access to Apple Users’ Data, Court Filing Reveals
UK Bank Shares Dive Over Potential Tax on Sector
Germany’s Auto Industry Sheds 51,500 Jobs in First Half of 2025 Amid Deepening Crisis
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
×