Could Mainstream Adoption of Dogecoin Payment be Near? Burger King Drops Hints.
Fast-food giant Burger King has sparked speculation that it could soon accept Dogecoin as a form of payment after responding to a tweet stating that its Paris location now accepts Bitcoin. Although the idea of a major corporation accepting a meme-inspired cryptocurrency may seem far-fetched, Dogecoin’s increasing popularity and low transaction fees could make it an attractive option for businesses like Burger King that deal with a high volume of small transactions on a daily basis. Additionally, Dogecoin has a loyal fan following that is passionate about cryptocurrency and its community, providing Burger King with an opportunity to attract a new demographic of customers. Moreover, Burger King’s competitors, such as Subway, have already begun accepting cryptocurrencies like Bitcoin as payment, causing Burger King to potentially feel the pressure to keep up with its rivals. If Burger King were to start accepting Dogecoin, it could have a significant impact on the cryptocurrency’s price, as it has a history of experiencing price surges and dips based on news and announcements related to its adoption and use. For instance, in May 2021, Dogecoin’s price surged after Tesla CEO Elon Musk tweeted about the cryptocurrency. Similarly, if a major corporation like Burger King were to announce that it is accepting Dogecoin, it could lead to a surge in demand for the cryptocurrency, driving up its price.
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