The luxury hotel group Kessler Collection recently adopted DOGE as a payment option by pairing up with BitPay. Kronos now has approximately 600 million in Dogecoin Cash and will begin using it as a method of payment. started trading higher after announcing that the company had exchanged its First Bitcoin (not related to Bitcoin) holdings for Dogecoin Cash. In mid-April 2021, Kronos Advanced Technologies Inc. Cuban tweeted that as long as companies accept DOGE, it can become a usable currency with the potential of having a higher purchasing value than one dollar. Owned by Mark Cuban, the company had previously been using BitPay to process purchases in various cryptocurrencies - including BTC, ETH, BCH, GUSD, and others - with DOGE now joining the list. Mavs fans can now purchase game tickets and merchandise using the crypto asset online. Dallas MavericksĪs an early adopter of cryptocurrency, the Dallas Mavericks are the first NBA team to incorporate Dogecoin into their payment system. Listed below are 15 high-profile companies that accept DOGE now or will begin doing so in the near future. Hardly any sector of online business remains unaffected when it comes to the practice of accepting Dogecoin (DOGE) as a method of payment. 15 Well-Known Companies Going All-In on Dogecoin Additionally, these services make it easier for those lacking their own wallet to become more accommodating to a broader audience. Today, many third-party vendors offer wallet exchange services to businesses that wouldn’t normally have the resources to get involved with crypto wallets. This announcement resulted in a 20% jump in a single day. Musk tweeted about taking “Doge to the moon” and revealed that he’s pairing with Dogecoin developers to make the crypto more efficient. Thanks to these two billionaires, Dogecoin’s popularity skyrocketed this year. No less responsible for the rise in demand of Dogecoin is the attention given to the asset by some of the world’s most influential entrepreneurs, including Elon Musk and Mark Cuban. CoinFlip currently operates the most prominent Bitcoin ATM network in the U.S. In fact, due to a recent increase in demand on behalf of businesses, CoinFlip announced that Dogecoin owners can now buy the asset in cash at more than 1,800 locations. Ever since BitPay - the leading crypto payment processing service for merchants - welcomed Dogecoin on March 4, 2021, more companies have started following their lead. With over 1,000 companies across a wide range of niches accepting Dogecoin as a form of payment, there’s no doubt that businesses are finding ways to adapt to the new payment model.
Dogecoin transactions are ten times faster than Bitcoin due to one-minute block intervals. The number of new coins introduced every year is smaller than the number of coins already on the market. A fixed number of coins are issued each year to keep Dogecoin’s value rising. That’s likely to affect its value over time, but a solution is already in the works. This makes the asset inflationary, leaving room for an infinite supply. Unlike many other deflationary cryptocurrencies, there’s no limit to the number of Dogecoins that can be created. There are three primary factors motivating the move: There are currently over 1,300 merchants accepting Dogecoin payments as of the end of May 2021, and that number keeps going up. Small Business Owners Should Consider the Merits of Dogecoin Keep One Eye on the Steady Rise of Dogecoin.How Can the Average Small Business Start Accepting Dogecoin?.15 Well-Known Companies Going All-In on Dogecoin.Small Business Owners Should Consider the Merits of Dogecoin.
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