Cryptocurrency is rising to set the ultimate benchmark in the financial industry. On big-moneyrush.com, the popularity of cryptocurrency is at the top. To make the market more interesting, meme coins were launched. Dogecoin is one of the first meme coins which is very popular and backed by celebrities. As other cryptocurrencies like Bitcoin are used as payment methods. Dogecoin is also following the same pattern.
As this coin is not as trustworthy as Bitcoin, using this as a payment method is still questionable. Many investors still support this coin but many are still in doubt. So, here we are with all the necessary information related to Dogecoin as a payment method. First, let’s understand the concept and profitability of Dogecoin.
What is Dogecoin?
Dogecoin is a meme coin that has the potential to give high investment returns. When first Bitcoin was mined and now, it is one of the most profitable cryptocurrencies. Many new kinds of Crypto coins are introduced into the market. Some of them are doing well in terms of profitability and usability. Memecoin is one of these innovations in the crypto market. Dogecoin is one of the first meme coins and has a picture of Shiba Inu. A famous Japanese hunting dog breed.
Dogecoin is backed by celebrities and influencers like Elon musk. This boosted the popularity and market for this coin. Now, Dogecoin is also making its way into the payment system. It means you can pay using Dogecoin for any goods and services.
People have many doubts about how to make payments in Dogecoin, where you can pay using Dogecoin. So, let’s first understand whether we can make a payment using Dogecoin.
Dogecoin as a payment method
When meme coins were introduced, their success was only dependent on their followers or popularity. Dogecoin became one of the most popular meme coins because of the support from celebrities and influencers. Only in a few years, Dogecoin has had a massive user base. Top exchanges, wallets, and businesses are accepting this coin. Now, this coin is considered a good profitable investment for the short term.
After all this, many companies and businesses have started taking Dogecoin as payment in exchange for goods and services. After Bitcoin, DOGE is another viable payment method.
Where can we pay with Dogecoin?
Dogecoin is entering the commercial space like Bitcoin as a payment method. These are some of the platforms where you can pay using Dogecoin.
Just like Bitcoin, you can also make direct P2P (peer-to-peer) transactions in Dogecoin. In any P2P transaction, you have to transfer the amount from one Blockchain address to another. Making a P2P transaction in Dogecoin is also similar, you can scan the QR code of the recipient’s wallet.
E-commerce and online stores have been using Cryptocurrency as a payment method for many years. Earlier, they were taking payments in Bitcoin and now accepting Dogecoin too. The number of online stores that accept Dogecoin as payment is also increasing.
Many mainstream businesses are now accepting this coin in exchange for their goods and services as well as for subscription fees. Dogecoin is also used on trading platforms. You can also sell Doge on many exchange platforms as well as by other cryptos with this meme coin.
Companies accepting Dogecoin as a payment method:
After understanding the concept of Dogecoin and the Dogecoin as a payment method. Now, let’s move on to the companies that accept Dogecoin as a payment method.
- Kessler Collection
Kessler Collection is a group of hotels that accepts Dogecoin as a payment method. They partnered with Bitpay for the same. They have a chain of hotels in many cities, so it is more beneficial for the people who want to pay for Dogecoin.
- Dallas Mavericks
This company is owned by Mark Cuban who is also a crypto enthusiast. Earlier, they were accepting Bitcoin as payment and now, they are also taking Dogecoin. You can buy tickets and the company’s merchandise using Dogecoin.
- EasyDNS
This Canada-based Internet service provider company also accepts Dogecoin as a payment method. They also accept Bitcoin, Ethereum, and Litecoin.
- AirBatlic
This Airline also accepts Dogecoin as a payment method along with Bitcoin. This was only possible because of the popularity of Dogecoin.
