Following SpaceX’s announcement that the company accepted Dogecoin as a form of payment, an apparel store on Brooklyn’s colorful Flatbush Avenue jumped into deep, cold Doge water.
Brick-and-mortar is another brick in the crypto adoption wall
As both an investment vehicle and a payment method, crypto adoption is widespread and well discussed in the media and on social networks. companies large and small have expressed their willingness to accept this or that cryptocurrency in exchange for their services or products; Some companies have reversed such decisions.
Although bitcoin has garnered the most attention in the adoption debate, the serious Dogecoin behind it is not. Cryptwerk’s . In Dogecoin Directory There are “1300+ locations, stores and services accepting Dogecoin”, although there are only a handful of physical stores. There’s a lot in bitcoin cash places around the world where it is accepted, including many brick-and-mortar locations.
Nevertheless, among the most ardent advocates of cryptocurrencies, the experience of strolling down the street, entering a store or cafe, and paying with crypto as a daily occurrence is largely unrealistic.
Enter Ragga Muffins on Flatbush Avenue in Brooklyn, New York, which recently began accepting Dogecoin. The clothing and footwear store, which has been open since 1992, has decided to accept trendy crypto “because young people are all about Dogecoin,” said the store’s owner, who asked to be identified only by his first name, Dan.
Many of our young customers are excited about cryptocurrencies in general and Dogecoin in particular, so I wanted to be the first store in Flatbush to accept Doge in order to attract more customers.
Dan himself is the owner of Dogecoin and Ethereum. His investment philosophy does not fit with the prevailing Hodl gospel. He is a practical trader, chasing downfalls and tips to make fast profits. As proof of this, his aspiration for Dogecoin was not for $1, but for $0.35.
Dan was reluctant to disclose sales figures resulting from his recent business effort, but was very pleased with his decision to accept crypto in his stores.
A lot of people come when they see the sign, it creates a hype. Some are asking if we even accept bitcoin. I tell them no – go buy Doge and come back!
Dan didn’t give a concrete answer as to why he doesn’t even accept bitcoin.
On Dogfather himself, Dan only had good words:
Elon Musk did a great service to the Doge community. Who knew about the Doge before him? I sure didn’t. I hope he continues to promote it. I’m waiting for him to say that you can buy a Tesla with Doge, which will definitely send Doge to the moon!
What would you like to buy with cryptocurrency? Let us know in the comments section below.
image credit: Shutterstock, Pixabay, WikiCommons
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