![]() ![]() Robinhood CEO Vlad Tenev also jumped on the Doge’s tail, tweeting that same month, “Can #Doge truly be the future currency of the Internet and the people? As we added the ability to send/receive DOGE on Robinhood, I’ve been thinking about what that would take.” theatres now accepts online payments using Doge Coin, Shiba Inu, and other crypto currencies - thanks to BitPay.” ![]() Do you think AMC should explore accepting Dogecoin?Īfter 68% of the 140,000 voters said “Yes, for sure do it” Aron said the chain would move forward, and on April 15 tweeted: “Exactly as promised, the AMC mobile app for AMC’s U.S. I hear from many on my Twitter feed we should accept Dogecoin too. By year-end 2021, AMC will take Bitcoin, Etherum, Litecoin and Bitcoin Cash for online payments. I sincerely want to hear your opinion, via this Twitter Poll. Do you think AMC should explore accepting Dogecoin?” In September 2021, he launched a Twitter poll asking, “I hear from many on my Twitter feed we should accept Dogecoin too. Dogecoin core loading block index movie#“There was a lot of marketing value that companies derived out of that, a lot of opportunities for marketers to generate interest in companies that support those coins,” he added.Īmong those was AMC Theatres CEO Adam Aron, who added Dogecoin to the list of cryptocurrencies the movie chain accepts for tickets directly (rather than through a gift card) after a barrage of Twitter requests from the core Dogecoin supporters called “Shibs.” See also: More Consumers Buying Crypto and Want More Ways to Spend It While Dogecoin isn’t close to bitcoin and ether as a payments token, or coming up as fast as stablecoins like USDC and Tether’s USDT, payments processor BitPay added it to the list of currencies it accepts.ĭOGE “made the cut” because it has “an intensely loyal and active following,” BitPay CEO Stephen Pair told PYMNTS’ Karen Webster in May. The same thing applies to stablecoins like Circle’s USDC and Binance’s BUSD, which have no other use than for payments and dollar pegs to eliminate price volatility - and fiat reserves to back them - and are far better payments choices.Īnd, the 5.6% of the public who “currently hold” Dogecoin is 41% higher than Litecoin (3.3%) and 54% higher Bitcoin Cash (3.0%), both long-tested and well-supported payments cryptocurrencies that were designed specifically to fix bitcoin’s shortcomings as a payments token - notable low scalability, long finalization time and high transaction fees.īoth Litecoin (LTC) and Bitcoin Cash (BCH) have active foundations that have supported their development for years, making many tweaks and some major changes to improve usability. See also: 85% of Merchants See Crypto as Path to Gain New Customersĭogecoin is also better known than ether (38.6% to 30%) - the cryptocurrency that powers Ethereum, the original smart contract platform most crypto applications are built on, including decentralized finance (DeFi) and non-fungible tokens (NFTs), along a fair bit of supply chain management software. They didn’t even bother to keep any for very long.īut according to PYMNTS’ June report, “Paying With Cryptocurrency: What Consumers And Merchants Expect From Digital Currencies” it is owned by more consumers (5.6%) than any token except bitcoin (12%) or ether (6.8%). Dogecoin core loading block index code#A pair of programmers built it in a few hours, using Bitcoin’s code with a few tweaks designed to make it unusable thrown in. ![]() The first “memecoin” was created as a joke in 2013, a parody cryptocurrency fronted by a Shiba Inu dog popular in meme generators. That’s the only conclusion you can take away from Dogecoin’s growing acceptance as a payments currency - a role for which it is profoundly unsuited. Sometimes it’s better to be cool than competent. ![]()
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