Pros and cons of buying dogecoin in 2022, a deep dive

Top 10 Companies That Accept Dogecoin As Payment

Last Updated: August 5, 2022By

Who would have imagined that Dogecoin (DOGE), which started as a humorous meme coin, would be accepted at many stores and companies? A meme coin becoming a payment option was just unthinkable because, to someone who isn’t too familiar with cryptocurrencies, transferring a cryptocurrency appears to be a strenuous activity that requires advanced technology.

The Dallas Mavericks, BOTS, Inc., AirBaltic, Newegg, and Post Oak Motor Cars are a few notable businesses that take DOGE payments. This demonstrates how companies are now open to investigating cryptocurrency payments outside Bitcoin (BTC) and Ethereum (ETH) to increase sales and simplify things for their clients.

Why corporations are embracing Dogecoin

Who takes Dogecoin? For several reasons, companies of different sizes have been willing to take DOGE as payment. The most notable are listed below: Dogecoin has rapidly gained popularity, and various businesses worldwide accept Dogecoin payments. You can pay with Dogecoin at several shops if you look around. Here are some well-known merchants that accept Dogecoin:

Tesla

Dogecoin has been accepted by Tesla as payment for its goods. Tesla, a company Elon Musk founded, provides Dogecoin pricing for any item that qualifies. The DOGE logo is shown next to the Order button on all Tesla products that may be purchased with the cryptocurrency. The first supercharging station in the company’s network to take Dogecoin as payment was in Santa Monica.

Buyable with Dogecoin is Tesla merchandise.

Dogecoin can be used to buy popular Tesla products like the “Cyberwhistle” and “Cyberquad for Kids.” The website’s source code already had a Dogecoin payment option before the crypto payment option was visible on the site.

Even though the dog-themed cryptocurrency was developed as a joke, Musk has emphasized that Dogecoin was better suitable for everyday market transactions due to its cheap cost per transaction. In Musk’s opinion, Bitcoin is a better choice as a store of value. Its effectiveness as a transactional currency was hampered by its high transaction costs.

Newegg

One of North America’s major tech-focused online merchants, Newegg, accepts Dogecoin as payment. The company thinks that by including DOGE, customers would find shopping simpler because they can complete transactions using the best payment option. Newegg was the first significant e-retailer to take Bitcoin for charges due to its quick adoption of digital coinage.

Going all out for cryptocurrency payments, Newegg accepts a variety of digital currencies, including Litecoin (LTC), Shiba Inu (SHIB), DOGE, and BTC. But remember that several types of purchases, including gift cards, subscription orders, and return labels, do not accept cryptocurrency payments from Newegg.

Twitch

Twitch, a well-known live streaming site, now lets users pay with Dogecoin for their “Turbo membership” option, which improves video storage for broadcasts, removes commercials, and adds new chat capabilities. Amazon, a massive internet retailer, owns Twitch. You must choose “More Methods” when paying for a membership.

Twitch stands out for holding significant gaming events that frequently draw more than 500,000 visitors. On Twitch, anyone can broadcast live video and earn a career. Users can communicate in real-time with the streamers. The friendly Dogecoin community fits right in with the subscribers to the streaming service.

Keys4Coins

There are many possibilities available, regardless of your game interests. You may purchase game keys from Origin, Steam, PSN, and several other suppliers on Keys4Coins, one of the original PC game retailers. Visit Keys4Coins if you want to use your DOGE to purchase game keys and gift cards.

Keys4Coins’ abundance of cryptocurrency possibilities will leave you feeling pampered. You have one more reason to visit the website thanks to their store’s easy and quick shopping. You can choose to pay using DOGE, BTC, ETH, LTC, or any other digital coin supported by Keys4Coins in addition to these.

GameStop

A well-known retailer of video games, GameStop, has recently warmed up to cryptocurrencies after discovering they may attract a steady stream of new consumers. In-store purchases at GameStop can be made using blockchain assets, such as DOGE, through the payment network Flexa, an application that connects traditional businesses with the cryptocurrency industry. Gamers can pre-order games of their choice using the Flexa SPEDN app.

You can pay with cryptocurrencies like BTC, ETH, LTC, Decentraland (MANA), Axie Infinity Shards (AXS), and Smooth Love Potion, in addition to meme coins. Fans of DOGE and SHIB pushed the corporation to allow payments in these cryptocurrencies, and eventually, the company bowed to pressure.

AMC Cinemas

When the most prominent theatre chain in the US, AMC Theaters, started taking Dogecoin as payment for movie tickets, those who thought the meme coin was a joke were shocked. You can purchase tickets in Dogecoin, Shiba Inu, and a few other cryptocurrencies through the AMC mobile app for their cinemas in the United States. They have integrated Bitpay to take cryptocurrency payments.

With over 1000 locations worldwide, they excited Dogecoin supporters in February 2022 when they revealed BitPay would be available for AMC online payments on the website by March 19 and on the mobile apps by April 16. In addition to Dogecoin, you can purchase tickets with BTC, ETH, LTC, and Bitcoin Cash (BCH).

Bitrefill

You can visit Bitrefill and choose your pack to purchase gift cards using cryptocurrency. With the possibilities available, you might buy gift cards with supported cryptocurrencies for categories as varied as gaming, travel, food, or clothes. You can purchase an Amazon gift card using Bitrefill and receive a 1% bonus. Bitrefill accepts BTC, DOGE, ETH, LTC, Tether (USDT), and Dash for payment of the card (DASH). You can scan a regular QR code or enter an address for your wallet. You can click to copy the gift code, then go to Amazon to use it.

AirBaltic

You can now pay for flights using DOGE, thanks to Latvian airline airBaltic. Although cryptocurrency may not be a standard method of payment for air travel, the fact that an airline is taking it is encouraging. It will eventually inspire other airlines to do the same.

Operationally, airBaltic primarily serves the Baltic nations of Estonia, Latvia, Lithuania, Finland, and Scandinavia. You can consider using Dogecoin to pay for your plane trip the next time you look for cheap flights. ETH, USD Coin (USDC), Pax Standard Token (PAX), Gemini Dollar (GUSD), and Binance USD are also accepted by airBaltic in addition to DOGE (BUSD).

On its website, the airline lists the cost of tickets in euros. When a traveler pays for their fare, their cryptocurrency is exchanged for euros at the going rate. To accept payments in Dogecoin and other cryptocurrencies, airBaltic has partnered with Bitpay, a third-party payment processor.

Atlanta Hawks

The Dallas Mavericks, the first NBA franchise to accept DOGE payments for tickets and goods, provided discounted rates to anyone purchasing its summer sale using Dogecoin. The team’s owner, Marc Cuban, has promoted the use of Dogecoin for everyday transactions.

Following the Sacramento Kings, who started receiving payments in digital currency in 2014, the Dallas Mavericks are now the second NBA team to do so. Cryptocurrency’s acceptance as a payment option has been influenced by the success of NBA Top Shot, the blockchain-backed digital collectibles marketplace that reached $230 million in sales in March 2021.

Sheetz

Customers can use cryptocurrency, including Dogecoin, to pay for food and gas at Sheetz convenience stores. They have teamed up with online payment provider Flexa to make cryptocurrency payments possible. This move has given Sheetz a fresh stream of customers and enabled it to improve the customer experience as the number of users of digital currencies continuously rises.

Customers log in to their Sheetz loyalty account using apps that support Flexa. The Pennsylvania-based startup has partnered with Flexa to accept some digital payments before they are processed on the blockchain and currently runs more than 600 outlets.

Recent notable Dogecoin integrations

Numerous businesses have recently added Dogecoin to their payment choices, taking a lesson from the kinds of companies indicated above. Elon Musk, the CEO of Tesla, has consistently endorsed social causes, and celebrities like rapper Snoop Dogg have drawn attention to them. This has had a ripple effect on people and businesses. Dogecoin soon discovered itself being courted.

Recent adopters include, among others, the domestic merchandise retail chain Bed Bath & Beyond Inc., the luxury department store chain Nordstrom Inc., the education solutions provider Barnes and Noble Education Inc., the American beauty store chain Ulta Beauty Inc., the pet health and wellness company Petco Health and Wellness Company Inc., and the home improvement retailer Lowe’s Companies Inc.

Also, read – The Pros and Cons of Dogecoin Investment

The adoption of Dogecoin is steadily rising.

Dogecoin is a better choice for routine transactions than popular front-runner cryptocurrencies like Bitcoin, Ethereum, and many others because of its limitless supply and low transaction rate. The currency is simple to use for making purchases of products and services. The Dogecoin community is robust and always ready to offer the assistance needed.

The increasing use of DOGE has made it a robust cryptocurrency that is now an essential part of the financial ecosystem. The Securities and Exchange Commission’s recent filings by Musk are anticipated to increase the industry’s acceptance of the meme coin.

Musk revealed in the documents that he would join Twitter’s board of directors and that he had acquired a 9.2% interest in the social media company. Analysts anticipate him to promote cryptocurrency efforts on the dominant social media platform, and Dogecoin may be integrated in some way.

Any event on Twitter or elsewhere, such as at AMC Theaters or airBaltic, will eventually spread to the rest of the industry. At this rate, it won’t take long for the coin to gain widespread acceptance as a standard payment method and blend in with the rest of the economy.

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About the Author: Diana Ambolis

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