Would you like to buy French fries or chicken nuggets with cryptocurrency?
Dogecoin fans, whose logo and name are derived from an image of Shiba Inu, are pressing the fast food giants to pay for their restaurant purchases in their preferred currency.
And they might win.
All McDonald’s ((((MCD-Get a McDonald’s report On January 19th, I tweeted an image of French fries, which suggests that those who have snapped French fries respond with images captured specifically in Photoshop.
Billy Marcus, co-founder of Dogecoin, replied.
Basically, McDonald’s if a lot of people participate ((((MCD-Get a McDonald’s report Then you will see the undeveloped tank for potential customers. When someone asked McDonald’s if they would consider it, the company replied, “I am grateful for your concern and still appreciate your payment experience.”
McDonald’s, contacted by The Street, did not go into further detail.
If McDonald’s accepts Dogecoin as a payment method, it will be one of the biggest boosts that cryptocurrency has ever received.
According to Cryptwerk, as of January 2021, there are merchants currently accepting over 1,900 Dogecoin payments, and the number continues to grow.
The most famous of them is Tesla ((((TSLA-Get a Tesla report Since January 14, Dogecoin has been accepted as a purchase price for products from electric car companies. On the other hand, it is currently impossible to buy a Tesla car with Dogecoin.
As an early adopter of cryptocurrency, the Dallas Mavericks team is the first NBA team to integrate Dogecoin into their payment systems. Mavs fans can use crypto assets online to buy game tickets and merchandise.
Owned by Mark Cuban of Billionaire, the company previously used BitPay to process purchases in several cryptocurrencies such as Bitcoin and Ethereum.
Last year, a judge from Shark Tank said “doge” was a “way to pay people.”
Dogecoin has successfully developed an army of fans who swear by it.
By accepting cryptocurrency, McDonald’s can get a pool of millennials, and Generation Z is very popular among advertisers and their competitors.
The excitement is already present on social media, as shown by several posts on Twitter.
On Reddit, the number of posts in favor of McDonald’s ((((MCD-Get a McDonald’s report exploded.
“If they pay with Dogecoin, they will register with McDonald’s now,” one commenter said. Another added, “McDogin. I love him.”
Dogecoin is considered to be the first so called “meme coin”. It has meme-inspired or humorous characteristics.
As Rob Linehan of The Street wrote, it was created by software engineers Billy Marcus and Jackson Palmer.
There are some clear advantages for small businesses over Bitcoin.
Bitcoin is more storage value. Dogecoin is suitable for everyday transactions due to its unlimited supply. Also, transaction fees are kept low.
But it remains a very speculative game. That price often jumps behind Musk and Cuba’s tweets.
It’s also worth noting that Dogecoin was built using the same power-intensive Proof of Work mining model that caused issues with Bitcoin. Therefore, as Dogecoin grows, so does CO2 emissions.