Dogecoin currently accounts for around 13% of BitPay's transaction volume and is the fourth-most popular payment option.

[embed]http://twitter.com/mcuban/status/1386766964614328321[/embed]
<h2>Dogecoin Is Being Promoted As A Payment Option by Musk &amp; Cuban</h2>
Elon Musk and Mark Cuban’s favorite Dogecoin has officially promoted the meme token to be recognized as a real payment utility.

Musk <a href="https://twitter.com/elonmusk/status/1392974251011895300" target="_blank" rel="nofollow noopener">spoke </a>with Dogecoin developers about how to make the cryptocurrency quicker for routine transfers, he tweeted. According to Dogecoin developer Ross Nicoll, Musk's goal is to make Dogecoin simple enough to use for a cup of coffee.

[embed]https://twitter.com/elonmusk/status/1392974251011895300[/embed]

Meanwhile <a href="https://www.cryptoknowmics.com/news/despite-the-fact-mark-cuban-amp-his-son-purchased-doge-together-the-billionaire-questions/">Cuban stated</a> Dogecoin as "becoming more of a utility in terms of as a money." Cuban went on to say that he's been "talking a lot to BitPay" and that the cryptocurrency payments provider is in the process of enrolling additional retailers to take the coin. People are always springing up to be shopkeepers or merchants for Dogecoin," he added.

Many people find the concept strange, given that Dogecoin was launched in 2013 primarily as a joke, and its GitHub code page has been there forever. However, BitPay data backs up Cuban's claims about DOGE becoming <a href="https://bitpay.com/stats/" target="_blank" rel="nofollow noopener">popular for payment.</a>
<h2>BitPay Allows DOGE as an option </h2>
According to <a href="https://www.cryptoknowmics.com/news/bitpay-cco-sonny-singh-claims-dogecoin-is-eating-dominance-of-bitcoin-in-crypto-payments/">BitPay</a>, allow retailers to accept cryptocurrencies as payment, Dogecoin is currently the fourth-most popular<a href="https://www.cryptoknowmics.com/news/crypto-influencer-scott-melker-talks-dogecoin-trading-strategy-and-tips/"> cryptocurrency</a> for payments (after Bitcoin, Bitcoin Cash, and Ethereum) and accounts for 12.6% of total transaction volume. DOGE was just 3.3% of volume in March, and 7.8% of traffic in April. 

"It's fast become a valuable cryptocurrency for us," says BitPay CMO Bill Zielke. "There is usefulness in it since it has risen so quickly in our network. And the fact that retailers are witnessing thousands of Dogecoin transactions suggests that it has been used. It also has benefits that Bitcoin or Ethereum do not have at the moment: Dogecoin offers low transaction costs. And when you combine a vibrant community with affordable costs, you have a winning combination. I anticipate it will continue to expand and that its utility will increase."

Microsoft, AT&amp;T, Camping World, and WeWork are just a few of the well-known consumer businesses that accept BitPay.

Elon Musk, Mark Cuban are Promoting Dogecoin as Payment Option

Dogecoin, Musk and Cuban's favorite, has been formally marketed as a true utility. It is the fourth most common option for payment.

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

Elon Musk, Mark Cuban are Promoting Dogecoin as Payment Option

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