Dogecoin, the cryptocurrency that was created as a joke, is now being accepted as a legitimate form of payment by a number of companies as the coin’s value has skyrocketed over the past week and is supported by many public figures, including Elon Musk.
A Change.org petition created in 2018 aimed at persuading Amazon to accept Dogecoin as payment like a few other businesses has gained more than 130,000 signatures as of Monday, when the coin cost about $0.40 at 3 p.m. time of writing after its price surged since last week, when it was worth about $.02 Tuesday afternoon.
“It’s an open market, so the current value is simply decided by whatever someone is willing to pay for it at a specific point in time,” the coin’s co-founder, Billy Markus, previously told Newsweek.
CoinFlip, which operates the largest network of Bitcoin ATM’s, announced in early March that Dogecoin can be bought in cash at its 1,800 locations nationwide as the cryptocurrency continues to become more accepted by companies.
Below, is a partial list of companies that currently accept Dogecoin as payment:
In early March, the NBA‘s Dallas Mavericks, owned by businessman Mark Cuban, announced that they would accept Dogecoin payments for tickets and fan merchandise online. Their press release stated they have been accepting Bitcoin payments for two years.
“The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!,” Cuban tweeted on March 6.
On Tuesday, Cuban tweeted an update:
“FYI, the Mavs sales in @dogecoin have increased 550pct over the past month. We have now sold more than 122k Doge in merchandise ! We will never sell 1 single Doge ever. So keep buying @dallasmavsshop.”
Post Oak Motor Cars
Post Oak Motor Cars, owned by businessman Tilman Fertitta, has named itself as Houston’s only authorized Bentley dealership, Texas’ only Bugatti dealership and the Gulf Coast’s largest authorized Rolls-Royce dealership. Now, the company will accept Dogecoin payments for their luxury cars alongside other forms of cryptocurrencies, according to a report from Click2houston.com on Friday.
Luxury resort company the Kessler Collection announced in early March that it is the first luxury hotel group to accept Dogecoin in a partnership with BitPay, alongside other cryptocurrency payments. The Kessler Collection owns multiple U.S. hotel locations such as the Beaver Creek Lodge, Casa Monica Resort & Spa and Elliot Park Hotel.
In 2014, the Latvian airline airBaltic declared itself the first airline to accept BitCoin for plane tickets. In late March, it announced that it will accept Dogecoin among a few other cryptocurrencies in partnership with BitPay.
“When airBaltic customers pay for their flight, their crypto currencies are converted into euros automatically at the current exchange rate by the payment system operator BitPay,” the company’s press release said on March 29.
Canadian internet service provider easyDNS Technologies Inc. announced on Friday that it will accept Dogecoin as payment for all of its services. The company has heralded itself as the first Internet Corporation for Assigned Names and Numbers (ICANN) registrar to accept Bitcoin, Ethereum and Litecoin.
Other companies listed on Dogecoins.com:
Dogecoins.com lists these additional companies that accept Dogecoin as a form of payment:
- Strange Donuts
- Burger Bear
- Salts Worldwide
- Meltdown Comics
- Vapeur Canada
- Doge Door
- Piaf Vintage French
- Threaded Concepts
- CJS CD Keys
- Dogecoin Gift Cards
- Mike Connell Ministries
Whether the Change.org petition moves Amazon to start accepting Dogecoin as a payment remains to be seen.
Dogecoin was founded in late 2013 by Markus and Jackson Palmer.
Newsweek reached out to NASDAQ’s press center but did not hear back in time for publication.