Mentioned:
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There might be a new unexpected digital asset coming to disrupt global payments: Dogecoin.
What’s happening:
- Popular digital asset Dogecoin has recently begun to accelerate as a form of payment with large publicly traded companies around the world
Who is making moves:
- Tesla (NASDAQ: TSLA) just recently has enabled Dogecoin to be used as a payment method at certain electric vehicle charging stations
- AMC Entertainment (NYSE: AMC) currently accepts Dogecoin as payment within their move theatres in the United States of America
Why it matters:
- Dogecoin has largely been seen as a meme coin with very little underlying utility prior to starting to become adopted as a method of payment, which has dramatically changed the potential for Dogecoin to continue to be a highly valuable digital asset as well as an important decentralized technology network
By the numbers:
- Approximately 2,500 different businesses globally currently accept Dogecoin as payment
Going deeper:
- Online electronics and computer hardware retailer Newegg Commerce (NASDAQ: NEGG) has also begun to accept Dogecoin as payment for online orders
The intrigue:
- Amazon (NASDAQ: AMZN) owned streaming platform Twitch was one of the first large companies to ever accept Dogecoin as a payment and continues to allow users to use Dogecoin as a method of payment
