Digital.com recently surveyed 1,000 U.S. business owners to see what their plans were for implementing crypto payments, and found that nearly one in three say they plan to work with Dogecoin in the near future.
The meme-based cryptocurrency Dogecoin spiked late last year when Tesla and SpaceX CEO Elon Musk announced that customers would be able to use it to buy certain Tesla products. Tesla is certainly not the first major company to accept payments in crypto, with companies like Microsoft, AT&T, and Twitch allowing customers to either pay directly in crypto or go through third-party apps.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
It’s all well and good for corporations to accept cryptocurrency, but what about smaller businesses? Digital surveyed 1,000 U.S.-based business owners to see if they plan to follow suit or eschew the crypto fad altogether.
The findings:
- 27% of business owners will start accepting cryptocurrency this year
- The top three currencies they plan to accept are Bitcoin, Ethereum, and Dogecoin
- Nearly one in three say they feel pressured to accept crypto at their business
- 30% say they will never accept cryptocurrency payments
27% of Business Owners Will Start Accepting Cryptocurrency This Year
More than one in four business owners surveyed say they plan to accept crypto payments at their business in 2022. 10% say they plan to start accepting crypto in 2023, 18% say sometime in the next two to five years, and just 6% say they plan to in more than five years. 10% of those surveyed say they already do accept crypto at their business.
Nearly One in Three Say They Will Never Accept Cryptocurrency
The largest percentage of respondents (30%) actually said that they never plan to accept cryptocurrency. This may be because they see it as too big of a project to implement or believe that the crypto bubble may finally burst.
29% of Business Owners Say They Will Accept Dogecoin
Despite its unserious origins, Dogecoin has become a legitimate investment and is one of the top cryptocurrencies business…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
