Close
Let’s start with a cliché: “Dogecoin, the cryptocurrency that was originally known as an internet joke.” This is true. In 2013, Jackson Palmer, as a joke or perhaps a prank, designed this cryptocurrency. Palmer, an Australian software engineer who by then worked at Adobe, started the prank as a way to poke fun at the crypto community. He attracted attention with controversial tweets, and eventually bought the domain dogecoin.com and put the joke into action.
Billy Markus, a software engineer at IBM, met Palmer and joined him in making the joke a reality. Marcus created Dogecoin using Litecoin scripts. This digital currency was developed quickly, without any planning or research. But no one even predicted that this joke would turn into a cryptocurrency phenomenon.
You’re probably wondering why Dogecoin has become such a popular payment method, and that’s a very important question. Undoubtedly, the influence of Elon Musk’s support in this matter cannot be ignored. But besides Elon Musk, there are other reasons for Dogecoin’s popularity:
Elon Musk with Tesla and SpaceX Elon Musk, who is the richest person in the world, supports the adoption of digital currencies. He even started accepting Bitcoin at Tesla, the largest company in the field of electric cars. But later these payments stopped. Recently, Musk announced that people who own Dogecoin can use it to buy Tesla products and services. Of course, for now only some Tesla products are priced with Dogecoin, but in the future we may see more variety of Tesla products with this digital currency.
In early March last year, the Dallas Mavericks basketball team, which is owned by Mark Cuban, became another DOGE investment company. This club added Dogecoin to its payment system to sell its tickets and fan merchandise online. Cuban announced in a tweet published on March 6:
“Dallas Mavericks has recorded over 20,000 DodgeCoin transactions, making us the largest Dodge trader in the world! Thank you all!!!”
Value Hosted is a web service provider in the United Kingdom, the United States, and South Asia that offers services such as shared hosting, SSL certificates, and dedicated servers through Dogecoin and other digital currencies. You will also have a number of special features on this platform, such as DDoS protection and SEO web content development.
Travala.com is one of the revolutionary travel platforms that allows you to book more than 500,000 hotels and other accommodation services with digital currencies. Fortunately, Dogecoin is also supported by this platform. Since Travella has established itself as an online travel agency, it uses a dedicated payment gateway to accept cryptocurrencies.
According to a report published by Click2houston.com, Tilman Fertitta, the founder of Post Oak Motors, which claims to be the sole authorized dealer of Bentley cars in Houston, Bugatti in Texas, and Rolls-Royce in the Persian Gulf, made DodgeCoin payments in Along with other cryptocurrencies, it accepts to sell its luxury cars.
In 2014, Latvia’s airBaltic became the first airline to accept Bitcoin for ticket sales. This company announced at the end of March 2021 that it has become one of DOGE’s investor companies in cooperation with BitPay. AirBaltic’s press release published on March 29 states:
“When AirBaltic customers pay for their flight with Dogecoin or other coins, their cryptocurrency is automatically converted to the spot Euro rate by the payment operator BitPay.”
Dogecoin is not the only digital currency used for daily payments. But there were other cases before that. But because of its unlimited supply and inflationary nature, Dodge is more suitable for daily payments and purchases. Recently, rumors have been heard about the possibility of adding Amazon, the global online store giant, to the list of DOGE investment companies, which, if realized, will have a positive effect on the price of this cryptocurrency.
