Is Amazon About to Accept Dogecoin? The Payment Use Case Explored

Is Amazon About to Accept Dogecoin? The Payment Use Case Explored

A change.org petition requesting Amazon to accept Dogecoin for payment has reached over 140k signatures. The appeal was started four years, but the last two

Dogecoin Defies the Odds Near 8,000% gains year-to-date is no joke. Dogecoin’s performance in 2021 has destroyed any notion that fundamentals and sound tokenomics count.

Today is April 20, which is world “Weed Day.” However, Dogecoin holders are attempting to hijack this day with the intention of rallying support for a $1 DOGE.

The hashtag #DogeDay is currently trending number 2 on Twitter. With Reddit also a hotbed for the coup. In drumming up support, one user described hitting $1 as an inevitability, even saying that in itself is a small goal.

“$1 is inevitable, and we can take a pit stop at the moon, sure, but our lord and savior doge ought not be limited by such small goals. The moment is now. We can mother heckin do this.”

Based on growing sentiment around Dogecoin, who’s to say that $1 won’t happen? Billionaire Mark Cuban thinks it will. He even backed this up by accepting DOGE as payment for Mavs tickets and merch.

But despite the fun and positivity, a nagging problem exists in DOGE’s infinite supply. The inflation rate sees about 5 billion DOGE a year added to the supply. While this is fundamentally no different from fiat money, it still isn’t easy to reconcile this with a niche token within an unconventional industry.

What’s The Deal With Amazon and Crypto? Amazon does not currently accept cryptocurrency for payment, let alone Dogecoin. Although the change.org petition has strong support, Amazon is not obliged to take action.

Is this something that will change in the future? Who knows, but what is known is that Amazon has plans to launch its own digital currency. The retail giant recently posted a job advert calling on suitable candidates to join its Digital and Emerging Payments division.

The job advert has since been pulled, but not before eagle-eyed observers noted it was for the Mexican market, with plans to roll out into other territories if successful.

At this stage, it’s difficult to determine what this project may mean concerning the cryptocurrency industry. But based on past offerings, the firm tends to wall its products within its own ecosystem.

dogecoin

Bootstrap 5 Complete Course with Examples

Bootstrap 5 Tutorial - Bootstrap 5 Crash Course for Beginners

Nest.JS Tutorial for Beginners

Hello Vue 3: A First Look at Vue 3 and the Composition API

Building a simple Applications with Vue 3

Deno Crash Course: Explore Deno and Create a full REST API with Deno

How to Build a Real-time Chat App with Deno and WebSockets

Convert HTML to Markdown Online

HTML entity encoder decoder Online

What Is Dogecoin? | Dogecoin Explained | Dogecoin Mining | Cryptocurrency For Beginners

This video on what is Dogecoin covers all the important concepts from the basics and advanced levels about the cryptocurrency Dogecoin. After watching this video Digecoin explained you will know how important is cryptocurrency in Blockchain technology. The video also covers the concept of Dogecoin mining in a simple way.

Dogecoin Mining 2021 | How To Mine Dogecoin | Dogecoin Mining Tutorial

"This video on Dogecoin Mining 2021 covers all the concepts from basics to advance. Also it covers the information about Dogecoin Mining like how to mine Dogecoin?, What is the difference between Dogecoin Mining and Bitcoin Mining, What are the requirements for Dogecoin Mining and is it profitable to mine Dogecoin?

How to Exchange Dogecoin (DOGE) in India?

DOGE to INR – Buy / Trade DOGEcoin with Indian Rupee on Koinbazar, India's leading bitcoin & cryptocurrency exchange.

Buying Dogecoin With Stimulus Money Would Have Netted You Over $500k

The epic rise of Dogecoin continues to split the crypto community. But one thing that's not being disputed is DOGE's unreal performance. In fact, investing

Dogecoin: The Value Proposition That's Worth More Than a Penny

Dogecoin started its initial coin production schedule with 100 billion coins in circulation. By mid-2015 the 100 billionth Dogecoin had been mined though.