Dogecoin Athletics: A Major League Baseball First

Last Updated on 21/07/2024
Fact checked by: Amandeep Sonewane

Dogecoin, the meme cryptocurrency that has been gaining traction in recent weeks, has made its way into Major League Baseball (MLB). On Monday, May 3rd 2021, Oakland Athletics president Dave Kaval announced that his team had completed the first Dogecoin transaction in MLB history for tickets to see the Blue Jays roll into town.

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How Did This Happen?

The Oakland A's organization announced it would sell pairs of seats at RingCentral Coliseum for 100 Dogecoin β€” the value of one Dogecoin at the time was around $0.45 USD. Fans were able to purchase a two-seat pod in the Plaza Infield with 100 Dogecoins and could also use other forms of payment such as credit cards or Apple Pay. It was a major milestone for both MLB and Dogecoin as this marked the first time a professional sports team accepted cryptocurrency as payment for tickets.

Why It Matters

This move is significant because it shows that cryptocurrency is becoming more mainstream. As dogecoin prices continue to soar, more businesses are beginning to recognize its potential and accept it as a form of payment. The Oakland Athletics' decision to accept dogecoin payments could be the start of something bigger - other teams may follow suit and begin accepting cryptocurrencies too.

What Does This Mean For The Future Of Cryptocurrency?

This move by the Oakland A's is a huge step forward for cryptocurrency adoption and shows that more and more businesses are beginning to recognize its potential. With this move, MLB has become one of the first major sports organizations to accept cryptocurrency as payment and it could pave the way for other teams to follow suit. It also shows that cryptocurrency is becoming more mainstream and accepted by larger organizations which could lead to increased adoption in other industries as well.

FAQs

🎯 What is Dogecoin?

Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide. It was created as a joke in 2013 but has since become one of the most popular cryptocurrencies on the market. Dogecoin allows users to send money quickly and securely with low transaction fees. The live Dogecoin price today is $0.071568 USD with a 24-hour trading volume of $167,078,821 USD.

Dogecoin has been gaining traction recently due to its popularity amongst meme traders and its use in NFTs (non-fungible tokens). It's also been backed by some high profile investors such as Elon Musk, who tweeted his support for the currency in 2021.

Dogecoin is traded against both fiat currencies and other cryptocurrencies on several reputable cryptocurrency exchanges. It can be used to purchase goods and services online or sent directly to other users for free.

πŸ’« Can I use other forms of payment besides Dogecoin?

Yes, you can also use credit cards or Apple Pay to purchase tickets.

Conclusion

Dogecoin Athletics marks an important milestone in Major League Baseball history and could be a sign of things to come when it comes to cryptocurrency adoption by larger organizations. With more businesses recognizing its potential, we may soon see wider acceptance of cryptocurrencies across different industries.

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