On the heels of the SpaceX announcement that the company
accepted dogecoin as payment, an apparel store on Brooklyn’s colorful
Flatbush Avenue took the jump as well into the deep, cold Doge waters.
Brick-and-Mortar Is Another Brick in the Crypto Adoption Wall
Crypto adoption has been widely and thoroughly discussed in the media
and on social networks, as both an investment vehicle and a payment
method. Companies large and small have declared their willingness to
accept this or that cryptocurrency in return for their services or
products; some companies have even reversed such decisions.
While bitcoin has attracted most of the attention in the adoption
debate, not far behind it is turned-serious dogecoin. In Cryptwerk’s Dogecoin Directory
there are “1300+ places, stores and services accepting dogecoin” though
only a handful are physical stores. Bitcoin cash has quite a few locations around the world where it is accepted as well, including many brick-and-mortar locations.
Still, even among the most enthusiastic advocates of
cryptocurrencies, the experience of strolling down the street, entering a
store or a cafe and paying with crypto as an everyday occurrence,
remains largely unrealized.
Enter Ragga Muffin on Flatbush Avenue in Brooklyn, New York, which
recently started accepting dogecoin. The clothing and footwear store
that has been open since 1992 has decided to accept the trendy crypto
“because young people are all about dogecoin,” says the store owner, who
asked to be identified only by his first name, Dan.
Many of our young customers are excited about
cryptocurrencies in general and specifically about dogecoin so I wanted
to be the first store in Flatbush to accept Doge, to attract more
customers.
Dan himself owns dogecoin, and ethereum. His investment philosophy
isn’t compatible with the prevailing hodl gospel. He is a hands-on
trader, chasing the dips and tips to turn quick profits. As a testament
to that, his aspirations for dogecoin weren’t for $1, but rather for
$0.35.
Dan was reluctant to disclose sales figures generated from his recent
business endeavor, but seemed very pleased with his decision to accept
crypto in his store.
A lot of people come in when they see the sign, it
creates a hype. Some are asking if we also accept bitcoin. I tell them
no – go buy Doge and come back!
Dan didn’t provide a concrete answer as to why he doesn’t accept bitcoin as well.
On the Dogefather himself, Dan had only good words:
Elon Musk did a great service for the Doge community.
Before him, who knew about Doge? I sure didn’t. I hope he’ll continue
promoting it. I’m waiting for him to say that you can buy a Tesla with
Doge, that’ll sure send Doge to the moon!
source link : https://news.bitcoin.com/doge-in-brooklyn-a-local-apparel-store-starts-accepting-the-famed-crypto/
