updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131A Louisville coffee shop is rebranding as Dogebean, a play on Dogecoin (CRYPTO: DOGE), and will accept payments in the meme cryptocurrency, according to a report by WLKY Channel 32.
What Happened: The coffee shop, 78 Coffee Co., is currently in the midst of a rebranding and is only taking online orders now, as per the report.
Andrew Lutes, Dogebean co-founder, was quoted as saying that 25% of the coffee shop’s sales are in cryptocurrency.
Lutes added he plans to open a café where customers can pay for a cup of coffee using Dogecoin. However, he has not set any date for the café’s reopening.
See Also: Here’s Why Dogecoin Community Is Drooling Over Burger King Brazil’s Dogpper Meal Right Now
Why It Matters: Dogecoin has gained in popularity this year, thanks in part to the unstinted support of Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk.
Companies are increasingly accepting Dogecoin as a payment option and launching new products featuring the meme coin.
Axe, a top-selling deodorant brand from Unilever PLC (NYSE:UL), recently launched a limited edition of DogeCan, a deodorant can, inspired by Dogecoin.
Consumer packaged goods company Conagra Brands Inc. (NYSE:CAG) and candy bar Snickers have used the cryptocurrency, which has its origins in a joke, for marketing purposes.
Price Action: Dogecoin is down 1.3% during the past 24 hours, trading at $0.2044 at press time.
Read Next: EXCLUSIVE: Billy Markus On Creating Dogecoin, The Negatives Of Cryptocurrency, NFTs And Elon Musk
Is cryptocurrency the way of the future? That’s still to be determined, but it doesn’t mean there aren’t businesses taking advantage of the popular digital currency.Like many businesses, 78 Coffee Co. is in the middle of a rebranding. The coffee shop, located in the Phoenix Hill neighborhood, will now be known as Dogebean, which is a play on Dogecoin.”Our plans are to open a café where you can pay for a cup of coffee using your Dogecoin and that’s part of our mission is to make cryptocurrency easy for everybody,” said Andrew Lutes, Dogebean co-founder.According to Yahoo Finance, about 14% of Americans own a form of cryptocurrency. That’s not a lot, but Lutes says it’s a niche market that is serving them well so far.”We’re not going to put everything we have into cryptocurrency because right now, it’s still really early. But we believe in this thing long-term,” said Lutes.Cryptocurrency picked up momentum in the last year. Dogecoin stock in particular increased after billionaire Elon Musk began talking about it.Bitcoin, which is its much popular predecessor, has been around for more than a decade, while Dogecoin was created in 2013.”You know, you’re seeing Dogecoin have the same kind of name recognition across the world just like you would see with Bitcoin. So, it’s been really cool to see and we’re starting to see a lot of businesses accept Dogecoin and other cryptocurrencies,” said Lutes.The café is only taking online orders right now, and Lutes says 25% of its sales are in cryptocurrency, but he truly believes that number will increase as more people buy crypto and become more familiar with it.”We have some plans in the works, and we’re looking for more than one location. So, we want to make the call out to that if there’s someone that has something they would like to pitch us, we would be more than happy to hear it,” said Lutes.No date has been set yet on when that café will open.
Is cryptocurrency the way of the future? That’s still to be determined, but it doesn’t mean there aren’t businesses taking advantage of the popular digital currency.
Like many businesses, 78 Coffee Co. is in the middle of a rebranding. The coffee shop, located in the Phoenix Hill neighborhood, will now be known as Dogebean, which is a play on Dogecoin.
“Our plans are to open a café where you can pay for a cup of coffee using your Dogecoin and that’s part of our mission is to make cryptocurrency easy for everybody,” said Andrew Lutes, Dogebean co-founder.
According to Yahoo Finance, about 14% of Americans own a form of cryptocurrency. That’s not a lot, but Lutes says it’s a niche market that is serving them well so far.
“We’re not going to put everything we have into cryptocurrency because right now, it’s still really early. But we believe in this thing long-term,” said Lutes.
Cryptocurrency picked up momentum in the last year. Dogecoin stock in particular increased after billionaire Elon Musk began talking about it.
Bitcoin, which is its much popular predecessor, has been around for more than a decade, while Dogecoin was created in 2013.
“You know, you’re seeing Dogecoin have the same kind of name recognition across the world just like you would see with Bitcoin. So, it’s been really cool to see and we’re starting to see a lot of businesses accept Dogecoin and other cryptocurrencies,” said Lutes.
The café is only taking online orders right now, and Lutes says 25% of its sales are in cryptocurrency, but he truly believes that number will increase as more people buy crypto and become more familiar with it.
“We have some plans in the works, and we’re looking for more than one location. So, we want to make the call out to that if there’s someone that has something they would like to pitch us, we would be more than happy to hear it,” said Lutes.
No date has been set yet on when that café will open.