Kronos Advanced Technologies, a publicly-traded company that focuses on consumer air purification technology, has announced it will be accepting Dogecoin as a payment method.
Dogecoin may have started as a meme coin, but that hasn’t stopped it from growing in popularity(That may have actually helped it, because nothing goes viral like a meme can) and to be fair, the technology behind doge is no joke. Dogecoin will now become a payment option for a publicly-traded company. In a Feb 1 announcement by Kronos Advanced Technologies, the company said it would be accepting the Shiba Inu inspired meme coin as a form of payment.
The company confirmed on Twitter that it would be accepting DOGE as payment for air purifiers and PPE supplies. Dogecoin Continues to Push Adoption. The news comes as the veteran crypto experienced a surge in price which has been linked to the Redditor group Wall Street Bets.
DOGE spiked 250% in price following the success of the GameStop (GME) price surge. It essentially pulled a similar move to the stock, which saw massive growth over the past two weeks. Dogecoin soured to a staggering $0.08 days later. The all-time high for DOGE means the cryptocurrency saw a 800% move within two days of trading. The surge led stockbroker Robinhood to suspend trading of the cryptocurrency, citing overwhelming market conditions.
Dogecoin Is makes winners
Kronos (KNOS) shares lit up green following the announcement. While it’s up 5.33% on the day, there aren’t any clear signs that dogecoin buyers purchased the stock.
The meme coin continues to make waves in the market. This latest adoption from Kronos is proof of that. Could dogecoin become a mainstream method of payment in the future? Only time will tell if this is just a fad, or if meme payments are the future. But one thing is sure, dogecoin has the technology to become mainstream, especially being 10X faster than even the top cryptos.
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