While the so-called “meme coin” is actively making headlines in the crypto sector, a listed company is joining the Dogecoin frenzy. Kronos Advanced Technology announced it would accept 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 company is adding Dogecoin (DOGE) to its accepted payment form. In fact, customers can purchase air purifiers and personal protective equipment (PPE) through the meme coin.
The introduction of Dogecoin as a payment method wasn’t just part of a crypto adoption maneuver. The company praised the popularity of the token and its uniqueness within the industry.
Kronos also pointed out that the speed of Dogecoins transactions is a positive note for the Shiba Inu-inspired meme token. So far, the company has accepted several cryptos as payment methods, including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).
Expansion of the N95 mask market to the Dogecoin community
Michael Rubinov, President of Kronos Advanced Technologies, commented on the company’s stance on cryptocurrencies:
Much has been said in the past decade about how cryptocurrency will revolutionize payments, services, and businesses, and change the world as we know it. Cryptocurrency has changed e-commerce: More and more people are now shopping online. The cryptocurrency offers customers more reasons to take advantage of the convenience of online shopping as it reduces the risk of fraud for both sellers and buyers.
With the introduction of Dogecoin as a form of payment, Kronos also expects to market N95 masks to the entire meme coin community on Reddit, which has over 670,000 members. The company also praised the fact that Tesla CEO Elon Musk endorses Dogecoin as one of its preferred cryptocurrencies.
Despite the recent frenzy in the meme coin, the latest markets, Bitcoin.com data show Dogecoin switching hands at $ 0.0317 on Tuesday, down -20.43%. Market capitalization remains at $ 4.08 billion.
What do you think of this announcement from Kronos? Let us know in the comments below.
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