Popular talk show host Ellen Degeneres asked Shark Tank star Mark Cuban about cryptocurrencies and irreplaceable tokens on the Ellen Degeneres Show on Tuesday. In addition to explaining cryptocurrency to Degeneres, Cuban also tried to persuade her to accept Dogecoin in the store.
Ellen Degeneres tries to understand Dogecoin
Shark Tank star Mark Cuban appeared on the Ellen Degeneres Show on Tuesday. Degeneres is a popular comedian, TV presenter, actress, writer and producer. The Cuban is the owner of the Dallas Mavericks, the National Basketball Association (NBA) team.
“Today, Mark Cuban taught me about Dogecoin. I am still not sure if I understand it or how to pronounce it, but it must be interesting to say,” Degeneres tweeted.
Degeneres asked Cuban about cryptocurrencies and non-fungible tokens (NFT). “Is this something we all should pay attention to?” she said.
“The thing about NFTs is that they are just digital collectibles,” Cuban said. “Don’t think about this technology at all. Collection is just one thing, it just happens to be digital.” Shark Tank star added: “If you consider all the valuable things on your phone, especially young children, they are more Valuable property is what is on their mobile phone. NFT is just a digital collectible, you can buy, hold or sell like any other collectible.”
Before being interviewed by a Cuban reporter, Degeneres initiated her first NFT to raise funds for the World Central Kitchen (WCK). The auction website describes: “Allen is auctioning off the latest Internet boom, which makes sense, because it auctions monologues and selfies that have never been sold before, and takes selfies with her original work “Woman and Sticky Cat”.”
Regarding cryptocurrency, Cuban explained to Degeneres that it is “just an investment asset”. He continued: “Bitcoin is like the digital version of gold. Ethereum is the digital version of currency. Then, you get Dogecoin. It’s funny, but strangely, it’s changed from a cryptocurrency joke to It is now becoming a digital currency.”
The Dallas Mavericks began accepting Dogecoin payments via Bitpay in March. Cuba further stated:
In the Mavericks market, we sell many items of Dogecoin, which you should check in the Ellen store. You can sell many things in Dogecoin.
Degeneres replied: “We will definitely do this.”
Degeneres pointed out that she was previously interested in real estate investment. She said: “Now, I am interested in Dogecoin and I really want to learn more about this.”
Cuba had to say, “This is crazy, this is the craziest thing” before continuing to explain how Dogecoin was born as a memetic cryptocurrency. The owners of the Dallas Mavericks then discussed an investment in cryptocurrency, noting that Dogecoin was “a better investment than buying lottery tickets.”
However, Degeneres stated that she has doubts about the Know Your Customer (KYC) process and must provide a social security number when registering to purchase Dogecoin through services such as Robinhood. On the other hand, Cuba stated that he was not too worried about this matter.
Do you think Ellen Degeneres will invest in Dogecoin and accept its in-store payment? Let us know in the comments section below.
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