Brick and Mortar, Brooklyn, Crypto Adoption, dogecoin, merchants accept dogecoin

On the heels of the SpaceX announcement that the company accepted dogecoin as payment, an apparel store on Brooklyn’s colorful Flatbush Avenue took the jump as well into the deep, cold Doge waters.

Brick-and-Mortar Is Another Brick in the Crypto Adoption Wall

Crypto adoption has been widely and thoroughly discussed in the media and on social networks, as both an investment vehicle and a payment method. Companies large and small have declared their willingness to accept this or that cryptocurrency in return for their services or products; some companies have even reversed such decisions.

While bitcoin has attracted most of the attention in the adoption debate, not far behind it is turned-serious dogecoin. In Cryptwerk’s Dogecoin Directory there are “1300+ places, stores and services accepting dogecoin†though only a handful are physical stores. Bitcoin cash has quite a few locations around the world where it is accepted as well, including many brick-and-mortar locations.

Still, even among the most enthusiastic advocates of cryptocurrencies, the experience of strolling down the street, entering a store or a cafe and paying with crypto as an everyday occurrence, remains largely unrealized.

Enter Ragga Muffin on Flatbush Avenue in Brooklyn, New York, which recently started accepting dogecoin. The clothing and footwear store that has been open since 1992 has decided to accept the trendy crypto “because young people are all about dogecoin,†says the store owner, who asked to be identified only by his first name, Dan.

Dan himself owns dogecoin, and ethereum. His investment philosophy isn’t compatible with the prevailing hodl gospel. He is a hands-on trader, chasing the dips and tips to turn quick profits. As a testament to that, his aspirations for dogecoin weren’t for $1, but rather for $0.35.

Dan was reluctant to disclose sales figures generated from his recent business endeavor, but seemed very pleased with his decision to accept crypto in his store.

Dan didn’t provide a concrete answer as to why he doesn’t accept bitcoin as well.

On the Dogefather himself, Dan had only good words:

What would you like to be able to buy with cryptocurrency? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji

The price of the leading cryptocurrency took a hit after billionaire Elon Musk mentioned Bitcoin in a new tweet hinting at a breakup. Musk’s latest crypto post, featuring a broken heart emoji and a reference to a Linkin Park song, effectively halted this week’s market rebound. Musk Tweet Pushes Bitcoin Price Down Before the Weekend […]

Xem chi tiết: Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji

Coinbase Pro Dogecoin Deposits Now Open — Trading Begins on June 3

The notorious dogecoin will be open for trading on Thursday, June 3, on the popular trading platform Coinbase Pro. In mid-May, Coinbase CEO Brian Armstrong revealed the meme-inspired crypto asset would be listed in six to eight weeks. It only took 18 days to get dogecoin added to Coinbase Pro but the coin is not […]

Xem chi tiết: Coinbase Pro Dogecoin Deposits Now Open — Trading Begins on June 3

US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments

The American chain of convenience stores and coffee shops, Sheetz, announced on Thursday that the firm would be accepting digital currencies like bitcoin, ether, and dogecoin for payments. The major Mid-Atlantic chain’s executive payments manager says accepting crypto-asset acceptance bolsters Sheetz’s mission to provide customers with the “ultimate one-stop-shop.†Convenience Store Chain Sheetz Adds Digital […]

Xem chi tiết: US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments

US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments

The American chain of convenience stores and coffee shops, Sheetz, announced on Thursday that the firm would be accepting digital currencies like bitcoin, ether, and dogecoin for payments. The major Mid-Atlantic chain’s executive payments manager says accepting crypto-asset acceptance bolsters Sheetz’s mission to provide customers with the “ultimate one-stop-shop.†Convenience Store Chain Sheetz Adds Digital […]

Xem chi tiết: US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments

Veriblock Reveals Initiative to Recycle Bitcoin’s Energy Consumption by Securing Dogecoin

On Wednesday, the Veriblock project, a blockchain that leverages the implementation of proof-of-proof (PoP) consensus, announced an initiative to secure the Dogecoin blockchain using Bitcoin. The Veriblock Foundation believes the effort counters the hostile ‘Blood Bitcoin’ narrative in regard to recent environmental concerns over proof-of-work (PoW). Veriblock to Secure Dogecoin via PoP and Bitcoin’s PoW […]

Xem chi tiết: Veriblock Reveals Initiative to Recycle Bitcoin’s Energy Consumption by Securing Dogecoin

Mike Novogratz Doubts Dogecoin’s Future — ‘No Institution Is Buying DOGE, Retail Will Lose Interest’

Galaxy Digital CEO Mike Novogratz doubts the future of dogecoin. The billionaire investor said that “It likely doesn’t have long-term legs because no institution is buying it and at some point, retail will lose interest.†Novogratz Says Dogecoin ‘Doesn’t Have Long-Term Legs’ Michael Novogratz, CEO of Galaxy Digital Holdings Ltd., recently discussed with Goldman Sachs […]

Xem chi tiết: Mike Novogratz Doubts Dogecoin’s Future — ‘No Institution Is Buying DOGE, Retail Will Lose Interest’

Vitalik Buterin Criticizes Elon Musk’s Idealistic Take on Cryptocurrency, Details Limits on Blockchain Scalability

Vitalik Buterin, one of the most renowned Ethereum founders, has rebuffed Elon Musk’s take on fixing cryptocurrencies in a new paper where he details the limits of blockchain scalability. Buterin touches on three subjects: storage, bandwidth, and computing power, commenting on their limits with today’s tech. Vitalik Buterin Criticizes Elon Musk’s Simplistic Take Vitalik Buterin, […]

Xem chi tiết: Vitalik Buterin Criticizes Elon Musk’s Idealistic Take on Cryptocurrency, Details Limits on Blockchain Scalability

Mike Novogratz Doubts Dogecoin’s Future — ‘No Institution Is Buying DOGE, Retail Will Lose Interest’

Galaxy Digital CEO Mike Novogratz doubts the future of dogecoin. The billionaire investor said that “It likely doesn’t have long-term legs because no institution is buying it and at some point, retail will lose interest.†Novogratz Says Dogecoin ‘Doesn’t Have Long-Term Legs’ Michael Novogratz, CEO of Galaxy Digital Holdings Ltd., recently discussed with Goldman Sachs […]

Xem chi tiết: Mike Novogratz Doubts Dogecoin’s Future — ‘No Institution Is Buying DOGE, Retail Will Lose Interest’

Vitalik Buterin Criticizes Elon Musk’s Idealistic Take on Cryptocurrency, Details Limits on Blockchain Scalability

Elon Musk Reaffirms His Crypto Allegiance

Elon Musk Reaffirms His Crypto Allegiance

‘Wolf of All Streets’ Trader Says Dogecoin Is a Good Entry Point to Cryptocurrency, Has Advice for DOGE Investors

Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’

Who Owns the Mystery Dogecoin Whale Address? Robinhood’s CEO Dismisses Speculation

‘Wolf of All Streets’ Trader Says Dogecoin Is a Good Entry Point to Cryptocurrency, Has Advice for DOGE Investors

Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’

Other Articles