KPMG: Crypto assets go mainstream, and Mark Cuban’s basketball club starts selling tickets for dogecoin
KPMG analysts believe cryptocurrency assets will go mainstream
Fintech funding will remain strong in 2021. These findings are reflected in the KPMG Pulse of Fintech H2'20 report, which is dedicated to the state of this market.
Analysts concluded that 2020 has been an extremely successful year for the industry. Investments in fintech exceeded $105 billion. This is the third-largest investment in the history of the industry.
Experts also identified several trends that will actively develop in 2021. In addition to the increased investor interest in digital payments, the market’s attention will be drawn to integrated fintech solutions. For example, companies operating on the “buy now, pay later“ principle will receive a new impetus to development.
In addition, analysts predict an increase in the number of IPOs and the number of mergers and acquisitions. Cryptocurrency assets will go mainstream due to the growing adoption by both retail and industrial investors of the industry.
Mark Cuban basketball club accepts dogecoin for tickets
Mark Cuban’s Dallas Mavericks Basketball Club is the first professional sports team to accept dogecoin. Crypto coins can now be used to pay for tickets to matches, various services and products with the club’s logo. The solution for payments in dogecoin was provided by the BitPay processing service.
“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,” the billionaire said.
Interestingly, fans of the Dallas Mavericks have been able to pay for tickets to games and various goods with bitcoins for almost two years now.