As the so-called â€˜meme coinâ€™ is actively making the headlines within the crypto sphere, a publicly-traded company is joining the dogecoin frenzy. Kronos Advanced Technology announced theyâ€™ll start accepting dogecoin as one of its payment methods.
Kronos Also Accepts Other Cryptocurrencies Such as Bitcoin and Ether
According to the announcement, the Los Angeles-based firm is adding dogecoin (DOGE) to its accepted payment form. In fact, customers will be able to purchase air purifiers, and personal protective equipment (PPE) supplies via the meme coin.
Adopting dogecoin as a payment method was not as part as just of a crypto adoption-driven maneuver. The company praised the popularity of the token and its uniqueness within the industry.
Also, Kronos pointed out that dogecoins transactionsâ€™ speed is a positive note for the Shiba Inu inspired meme token. So far, the company accepts several cryptos as payment methods, such as bitcoin (BTC), ethereum (ETH), litecoin (LTC), among others.
Expanding N95 Mask Market Into the Dogecoin Community
Michael Rubinov, president of Kronos Advanced Technologies, commented on the companyâ€™s stance towards cryptocurrencies:
By adopting dogecoin as a form of payment, Kronos also expect to market N95 masks to the entire meme coin community on Reddit, which has grown over 670,000 members. The company also praised the fact that Teslaâ€™s CEO Elon Musk endorses dogecoin as one of his favorite cryptocurrencies.
Despite the recent frenzy seen in the meme coin, the latest markets.Bitcoin.com data shows that dogecoin is exchanging hands at $0.0317, down -20.43% on Tuesday. The market capitalization still stands at $4.08 billion.
What do you think about this announcement made by Kronos? Let us know in the comments section below.
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