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Highlights
- Companies nowadays are providing more payment options to their customers for enhancing their sales.
- Apart from the likes of Bitcoin and Ethereum, many businesses have now started accepting Dogecoin as a method of payment.
- The Dallas Mavericks, AirBaltic, BOTS, Inc., Post Oak Motor Cars, Newegg, etc., are some of the famous companies which have begun accepting DOGE payments.
Earlier, when somebody talked about making purchases through a QR scan, transferring cryptocurrency from one wallet to another, it sounded like a process related to sci-fi. But, in present times, it has become a reality, as more and more retail outlets and businesses are accepting cryptocurrencies payments, like Bitcoin and Ethereum.
The newest crypto to jump on the bandwagon is Dogecoin.
Recently, Dogecoin became the seventh crypto to be accepted as a form of payment on Coinbase Commerce, a US-based e-commerce platform.
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Businesses accepting cryptos
Earlier, spending digital assets involved a lot of hassles as users had to transfer tokens to the crypto exchange, trade them, and then transfer the said money into their bank account to spend.
However, with a tremendous surge in the popularity of owning cryptocurrencies, more and more businesses have now started accepting crypto payments.
Some users are buying gift cards from their crypto money, while others are taking up debit cards offered by Coinbase Global, etc., enabling them to spend their crypto assets anywhere where Visa is accepted.
Can’t Miss Reading: How Elon Musk’s latest tweet brought Dogecoin back in focus?
Why is there a surge in Dogecoin payments?
It is a widely known fact about SpaceX and Tesla's head, Elon Musk's love for Dogecoin. He has openly rallied for the meme cryptocurrency. Often, his tweets and various references on the same bring a surge in prices of the dog-themed cryptocurrency.
Related Read: Musk tweets how Dogecoin can become viable payment option
Recently, he opined that it's impossible to destroy crypto's growing popularity, though it can be slowed down owing to government’s intervention.
Which companies are accepting Dogecoin
Many companies have now started accepting Dogecoin as a method of payment.
Some of the high-profile companies which accept the meme crypto payments or will begin doing so in the future are the Dallas Mavericks (NBA team), Kronos Advanced Technologies Inc. (air-purification tech company), BOTS, Inc. (operates in digital robotics space), AirBaltic (airline service), Post Oak Motor Cars (Gulf Coast’s luxury car dealership and repair service company), SpaceX, Estate Diamond Jewelry, Energy Electronics (a US-based mobile solution distributor), Snel.com (web hosting provider), Newegg (e-retailers), HostMeNow (UK’s web hosting company).
Must Read: Taco Bell To Allow Dogecoin Payments
Why is Dogecoin more popular among small businesses?
Various small- and mid-sized businesses are favouring Dogecoin over Bitcoin as the former has some obvious benefits:
- Owing to unlimited supply, Dogoein is better equipped to handle day-to-day transactions.
- Dogecoin has lower transaction fees.
- Also, it has relatively fast transaction times as compared to Bitcoin.
Also Read: Is the future of Dogecoin in good hands?
Bottom Line
An increased number of companies have begun, including the dog-themed cryptocurrency, as an alternative method of payment to offer more flexibility and payment options to their consumers.
