It can’t be pinned to a particular event that has led the adoption of Dogecoin to go public as many financial institutions are now accepting Dogecoin as the mode of payment for their services or goods. The pioneer in this field is none other than Mark Cuban, who made Dogecoin one of the payment options for his fans to buy merchandise from his NBA team. On the other hand, Elon Musk has been in some notion the silent moral support that the crypto wanted its hands-on with all his tweets and such pointing towards Dogecoin.
All of this has led to a mainstream adoption possible for Dogecoin, and it is now being integrated among many enterprises as KFC in Canada has recently stated that they will be accepting Dogecoin-oriented payments from the customers.
Dogecoin Adoption is on the Rise and might Remain so for Some Time
Today the American cancer society has announced that it will also be able to accept donations made to the center in Dogecoin as it already has 15 other supported coins, so Dogecoin might not be the first one, but it has definitely reserved a spot for itself and the adoption for this coin is on the rise ever since.
All the donations made with Dogecoin will be tax-deductible, and these will definitely be able to offset the panic and economic instability caused by the COVID-19 Pandemic. It is not sure how much American cancer society was able to conjure up in terms of the crypto donations and payments to date, but it is obvious that it might have been a good enough run as they are going for Dogecoin as well.
According to the current initiative put out by the American cancer society, they are willing to raise the total donation influx through cryptocurrency to $1 million. According to some stats made available to the general public, the American cancer society has noted it has lost about 50% of the funds that were to be spent on research, so to be able to make up for it, this new all crypto donation this year will be a solid initiative.
The increasing value of Dogecoin among the crypto market and financial institutions and given the number of investors it is rallying into the world of crypto will definitely help American cancer society break even with their timelines and research projects that need to be funded.