Dogecoin is the biggest memecoin by market capitalization, naturally because it was the first. Though created as a joke cryptocurrency, DOGE has found many use cases, including paying for goods and services.
It is projected that nearly 1 in 3 businesses will accept Dogecoin payments in 2023. Maybe we’re not quite there yet, but there’s a ton of companies and businesses that accept Dogecoin payments currently. This may be attributed to its transaction fees which are much lower than Bitcoin’s.
Just in case you don’t know, Dogecoin was created using Bitcoin’s original architecture. It uses the same proof of work consensus mechanism as Bitcoin, but it was meant to be faster and cost much less for transactions than Bitcoin.
While there are hundreds of businesses that accept Dogecoin worldwide, the following are some of the prominent ones that do accept the meme token.
Tesla
We all know the leading electric car company Tesla, but what you may not know is that the company accepts payment for some of its merchandise in Dogecoin. Well, that may be easy to guess also, considering Elon Musk, the CEO of the company has a strong link to Dogecoin.
Musk announced in December 2021 that the company will accept the top memecoin as payment for some of its merchandise. This came after many years of his support for Dogecoin. Musk is largely responsible for Dogecoin’s massive price rallies in the past, and has attracted many investors to it.
He recently used the Dogecoin logo to replace the blue bird logo on Twitter. Even though it was for a short time, it was another moment when Musk’s action led to a significant price move for the coin.
AMC Theaters
You may think that the entertainment industry doesn’t have much regard for Dogecoin, but that’s not true. AMC theaters CEO Adam Aron announced in early 2022 that it would accept payments in Dogecoin from that time.
Through crypto payment gateway BitPay, you can now pay for AMC movie tickets using Dogecoin. You can pay directly on the website with Dogecoin. The theater also accepts Shiba Inu, another meme cryptocurrency as a payment option as well.
GameStop
GameStop is a leading gaming and electronics company in the U.S. It is the world’s largest video game retailer, with 4,413 stores worldwide, out of which 2,949 are in the U.S. You can use Dogecoin to purchase their range of products online.
The company announced in December 2021 that it was accepting payments in Dogecoin for its merchandise. GameStop uses cryptocurrency payment processing service Flexa to accept payments through the app SPEDN.
Interestingly, the company started accepting Dogecoin and Shiba Inu payments because of demands from its customers to accept crypto payments.
Twitch
Twitch is a leading live streaming service owned by Amazon. The website started using Dogecoin to tip artists, but then started accepting it as payment for its “Turbo Subscription” in 2018. Being the most popular live video streaming platform online, Twitch has hosted gaming events with over 500,000 viewers.
This goes to say how much exposure the company has given Dogecoin and crypto as a whole. At the time, Twitch was the largest company to accept Dogecoin payments.
Bitrefill
Bitrefill is a platform where you can use cryptocurrencies to buy gift cards. You can also use crypto for other things such as buying airtime or mobile data. There are more than 5,000 gift cards on Bitrefill that you can buy with crypto, including Dogecoin.
If you’re a Dogecoin holder, you can use it to access any of the services available on the website. Gift cards you buy with Dogecoin on Bitrefll can be used on top ecommerce websites like Amazon, Airbnb, Steam, Google Play, ASOS, and so on.
Conclusion
Dogecoin has come a long way and is now widely accepted worldwide. No doubt, more companies and businesses will accept the memecoin in the future as cryptocurrencies become more popular. The developers are also exploring the use of its blockchain for other things such non-fungible tokens.
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