Dogecoin Petition for Amazon to Accept Crypto Signed by 130,000 People

A years-old petition aimed at getting Amazon to accept Dogecoin as a payment method is gaining support on the back of the cryptocurrency’s price surge last week.

The petition, called Doge4Amazon, now has more than 130,000 signatures as of Monday out of its stated objective of 150,000.

It is aimed at Amazon CEO Jeff Bezos, and states: “It is time for to be one of the first major companies to see the power of Dogecoin and with the huge momentum the Dogecoin community is generating now is the time for Amazon to accept Dogecoin as a payment method!”

It also states Dogecoin—a type of cryptocurrency initially launched as a joke—is “fast, cheap, and stable,” though arguably the token has become far less stable in recent days, its price having jumped in value from around $0.07 to over $0.40 last week. It then dropped below the $0.30 mark over the weekend before recovering slightly.

Doge4Amazon was launched on in September 2018 by a user named “Mark E.” At the time it was launched, the petition had set a goal of getting just 25,000 signatures.

The petition surpassed the 100,000-signature mark in March, and the author released an update stating that staff at had contacted Amazon.

Mark E. wrote: “They are reaching out to Amazon on behalf of the petition. This is working folks.”

It is unclear if any one reason can explain why the petition has been gaining traction in recent weeks. On Sunday a link to the petition was posted to the very active Dogecoin community on Reddit, where it gained 1,100 upvotes.

Once a niche technology, cryptocurrency is increasingly becoming accepted as a payment method as it becomes more popular.

In March, payment company Visa announced it had launched a pilot program allowing users to settle transactions on its network using the cryptocurrency USD Coin, citing “increasing demand.”

USD Coin’s price is tied to the price of the U.S. dollar, and is known as a “stablecoin.” Cryptocurrencies have more widely been infamous for their price volatility.

With the update, Visa allowed users to pay for products, like a coffee, using USD Coin without the need to convert it to traditional currency first, as was the case with the Visa card.

In addition, Tesla CEO Elon Musk—who frequently speaks out in support of Dogecoin—announced that same month that the electric car company had begun accepting Bitcoin as payment. He tweeted: “You can now buy a Tesla with Bitcoin.”

Amazon logo
Amazon sign at the company’s regional headquarters, Sunnyvale, California, on October 28, 2018. A petition is requesting that the retail giant, owned by multi-billionaire Jeff Bezos, accept the Dogecoin cryptocurrency as payment method.
Smith Collection/Gado/Getty

Read Full Article


Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here