Home Altcoins News 30% Businesses Never Want to Accept Crypto and 29% will Accept Dogecoin (DOGE)

30% Businesses Never Want to Accept Crypto and 29% will Accept Dogecoin (DOGE)

30 Businesses Never Want to Accept Crypto and 29 will Accept Dogecoin

While it all started off as a non-serious token for Dogecoin, it is evolving to be a legitimate investment. A survey reportedly revealed, “83% say they will accept Bitcoin, 42% say they will accept Ethereum, 29% will accept Dogecoin, and 15% will accept Binance Coin.”

Merchants accepting cryptocurrency is becoming normal. A discussion about DogeCoin automatically brings in Elon.  When asked why he supports Dogecoin, Musk responded on Twitter: “Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the people’s crypto.”

Dogecoin’s use case as a payment method could potentially be on the rise.  In terms of price, several orchestered efforts are being made to push the price of DogeCoin down; however, they are not able to do it. The current price area is good for Dogecoin to move higher. The price is staying sustained at 0.14 in support level. The price of Dogecoin has been up by 0.49% over the past 7 days.

The expectation is that 1 in 3 businesses will accept Dogecoin. Reportedly, in a survey 1,000 US based business owners were surveyed to see if they will be interested in accepting Dogecoin.

The findings revealed that about 27% of the business owners will begin accepting cryptocurrency this year. The top 3 cryptocurrencies, which they plan to accept are Bitcoin, Ethereum and Dogecoin. About 1 in 3 businesses have to state that they sense the pressure to accept cryptocurrency at their business. However, 30% of them stated that they will never accept cryptocurrency payments at all.

Some Retailers apart from Tesla accepting Dogecoin are:

  • SoFi Learn: “Time in fintech moves fast — like dog-years fast,” SoFi said in a blog post. “We are excited to now offer dogecoin on SoFi invest.”  When it comes to money matters, it’s natural to have questions—lots of them. And SoFi have forever been good at helping people get their money right.
  • Dallas Mavericks:  The Dallas Mavericks are an American professional basketball team based in Dallas. The Mavericks compete in the National Basketball Association as a member of the Western Conference Southwest Division.  Dallas Mavericks stated accepting Dogecoin through BitPay.
  • AirBaltic (a European airline): AirBaltic, legally incorporated as AS Air Baltic Corporation, is the flag carrier of Latvia, with its head office on the grounds of Riga International Airport in Mārupe municipality near Riga.  AirBaltic began accepting crypto payments in 2014. Latvian airline airBaltic included Dogecoin and Ether as payment options in 2021.
  • Newegg: Newegg Commerce, Inc. is an online retailer of items including computer hardware and consumer electronics. It is based in City of Industry, California. It is majority-owned by Liaison Interactive, a Chinese technology company.  Newegg was one of the first online American retailers to accept crypto, starting with Bitcoin and eventually Dogecoin. Major American electronics retailer Newegg continues diving is enabling payments in major cryptocurrency and mem, Shiba Inu (SHIB).
  • The Kessler Collection: Captivating hotels, inspired dining, art galleries, signature spas, cooking schools and wine blending. Each is artfully unique with its own Bohemian twist.
    The Kessler accepting Dogecoin meant that 8 luxury hotels accept Bitcoin.
  • SpaceX: Space Exploration Technologies Corp. is an American aerospace manufacturer, a provider of space transportation services, and a communications corporation headquartered in Hawthorne, California.
    On May 29, 2021, Elon Musk stated, SpaceX is now accepting Dogecoin, and it’ll be paid exclusively in the cryptocurrency to launch an upcoming satellite named DOGE-1 to — yes — the Moon. The DOGE-1 is a cubesat meant to acquire “lunar-spatial intelligence” using onboard cameras and sensors.
  • Kronos Advanced Technologies: Kronos Advanced Technologies, Inc. engages in the licensing, manufacturing, and distributing of air movement and purification devices. The company was founded on September 17, 1980 and is headquartered in Lake Oswego, OR.  Kronos is the first publicly traded Company that accepts DOGE coin as a form of payment for its products, as well as other cryptocurrencies.
  • Energy Electronics: Energy Electronics LLC is located in Milford, CT, United States and is part of the Other Miscellaneous Store Retailers Industry.  Energy Electronics gladly accepts cryptocurrencies including Bitcoin and Dogecoin as forms of payment.
  • AirBaltic: AirBaltic, legally incorporated as AS Air Baltic Corporation, is the flag carrier of Latvia, with its head office on the grounds of Riga International Airport in Mārupe municipality near Riga.  AirBaltic was the first airline in the world to accept payments in Bitcoin and continues to lead the revolution in the travel industry by accepting Dogecoin.
  • Snel.com: Snel.com delivers fast, simple and smart Dedicated and VPS hosting services with a focus on great customer experience.Snel – VPS Hosting accepts Dogecoin.  
  • Post Oak Motor Cars: Post Oak Motor Cars is known for making the luxury car-buying experience simple and straightforward. Post Oak Motor Cars is now accepting Dogecoin following support from Tesla.
  • HostMeNow.org: Is a high-performance Hosting provider. Your website will be on super fast Litespeed servers, with amazing page load ups. HostMeNow accepts Dogecoin for hosting.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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