After SpaceX announced that the company accepted Dogecoin as payment, a clothing store on Brooklyn’s colorful Flatbush Street also plunged into the deep and cold waters of the Governor.
The entity is another brick in the encryption adoption wall
As an investment tool and payment method, the adoption of cryptocurrency has been widely and thoroughly discussed in the media and social networks. Companies large and small have expressed their willingness to accept one kind of cryptocurrency in exchange for their services or products; some companies have even overturned such a decision.
Although Bitcoin has attracted most of the attention in the adoption debate, it is closely followed by Dogecoin, which has become serious. In Cryptwerk’s Dogecoin catalog, there are “more than 1,300 places, stores, and services that accept Dogecoin”, although only a few are physical stores. Bitcoin Cash is also accepted in many places in the world, including many physical stores.
Nonetheless, even among the most ardent cryptocurrency advocates, the experience of strolling on the street, entering a store or cafe and using cryptocurrency to pay as a daily activity is still largely unfulfilled.
Enter the Ragga Muffin on Flatbush Avenue in Brooklyn, New York, which recently started accepting Dogecoin. This clothing and footwear store, which has been in business since 1992, decided to accept popular cryptocurrency, “because young people like Dogecoin,” said the owner, who asked to reveal only his name Dan.
Many of our young customers are generally excited about cryptocurrencies, especially Dogecoin, so I want to be the first store in Flatbush that accepts Doge to attract more customers.
Dan himself owns Dogecoin and Ethereum. His investment philosophy is incompatible with the popular hodl gospel. He is a practical trader, chasing lows and skills to make quick profits. As proof, his expectation for Dogecoin is not $1, but $0.35.
Dan would not disclose the sales data generated by his recent business efforts, but seems to be very satisfied with his decision to accept cryptocurrency in his store.
Many people came in when they saw this sign, which caused hype. Someone asked if we also accept Bitcoin. I told them no-go buy Doge and come back!
Dan did not specifically answer why he also does not accept Bitcoin.
For Dogefather himself, Dan has only one good thing:
Elon Musk has provided a good service to the Doge community. Before him, who knew Doge? I definitely don’t. Hope he will continue to promote. I’m waiting for him to say that you can buy a Tesla with Doge, and that will definitely send Doge to the moon!
What do you want to be able to buy with cryptocurrency? Let us know in the comments section below.
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