The meteoric rise of Dogecoin this year has created a frenzy among retail investors. These are just average people from all walks of life, many of whom have limited experience with cryptocurrency. Yet they've helped to create a cult-like atmosphere around the digital token and people are eager to show their support. With PressRelease.com, small businesses can share new payment methods — like Dogecoin and others — to help build a buzz and attract supporters and investors of all kinds of cryptocurrencies.
"It's all over social media. I'm seeing more and more businesses of all sizes begin to accept cryptos like Bitcoin and Dogecoin as payment," says Erik Rohrmann, COO at PressRelease.com. "Smaller businesses get caught up in the excitement and the hype around these coins and people love showing their support. It's a great way to get people involved and tap into a group of really motivated and engaged people who you may have not been able to reach otherwise."
In March of 2021, Tesla CEO Elon Musk revealed that the company had purchased $1.5 billion in Bitcoin and would soon start accepting it as a form of payment. (Tesla has since reversed its position, officially announcing that Tesla stopped accepting Bitcoin on May 12.) SpaceX also announced that it would accept Dogecoin as payment in the first quarter of 2022. Other companies have followed suit as small businesses around the country have begun adopting their favorite cryptocurrencies and other "meme" tokens to join in on the fun and help grow their brand in the process.
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Original Source: More Small Businesses Are Accepting Crypto as Payment. Announce New Payment Methods With PressRelease.com
