As the so-called ‘meme coin’ is actively making the headlines within the crypto sphere, a publicly-traded company is joining the dogecoin frenzy. Kronos Advanced Technology announced they’ll start accepting dogecoin as one of its payment methods.
Kronos Also Accepts Other Cryptocurrencies Such as Bitcoin and Ether
According to the announcement, the Los Angeles-based firm is adding dogecoin (DOGE) to its accepted payment form. In fact, customers will be able to purchase air purifiers, and personal protective equipment (PPE) supplies via the meme coin.
Adopting dogecoin as a payment method was not as part as just of a crypto adoption-driven maneuver. The company praised the popularity of the token and its uniqueness within the industry.
Also, Kronos pointed out that dogecoins transactions’ speed is a positive note for the Shiba Inu inspired meme token. So far, the company accepts several cryptos as payment methods, such as bitcoin (BTC), ethereum (ETH), litecoin (LTC), among others.
Expanding N95 Mask Market Into the Dogecoin Community
Michael Rubinov, president of Kronos Advanced Technologies, commented on the company’s stance towards cryptocurrencies:
In the last ten years, much has been said about how cryptocurrency will revolutionize payments, services, businesses and will change the world the way we know it. Cryptocurrency has changed e-commerce: as more and more people now shop online. Cryptocurrency gives customers more reasons to utilize the convenience of online shopping, as it mitigates the risk of fraud for both vendors and shoppers.
By adopting dogecoin as a form of payment, Kronos also expect to market N95 masks to the entire meme coin community on Reddit, which has grown over 670,000 members. The company also praised the fact that Tesla’s CEO Elon Musk endorses dogecoin as one of his favorite cryptocurrencies.
Despite the recent frenzy seen in the meme coin, the latest markets.Bitcoin.com data shows that dogecoin is exchanging hands at $0.0317, down -20.43% on Tuesday. The market capitalization still stands at $4.08 billion.
What do you think about this announcement made by Kronos? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.