The market value has skyrocketed nearly 100 times in 3 months, and more than 130,000 people petitioned Amazon to accept Dogecoin

Dogecoin, which was born in 2013, has gradually become popular as a payment method among the American people, and its price has continued to rise. Since the beginning of 2021, the transaction price of Dogecoin has increased rapidly, with the highest increase once reaching 9977%, nearly 100 times.

However, this popular payment method is not an available payment method on the Amazon platform. In view of this contradiction, more than 130,000 people have signed a petition calling on Amazon to include Dogecoin as an available consumer payment method on the platform . Amazon has not commented on this.

More than 130,000 people petitioned Amazon to accept Dogecoin

Here is the original text of the petition:

The translation is roughly that people holding Dogecoin have formed a large and active community , and it is still growing. If Amazon does not accept cryptocurrency as a payment method, it will lose many consumers who do not have traditional bank accounts . Dogecoin is fast, cheap, in sufficient supply and stable in value , with the lowest transaction costs compared to other major coins in circulation. And many small business owners, charitable organizations and entrepreneurs around the world have adopted Dogecoin as a means of buying and selling goods and services.

The "many organizations and businesses" mentioned in the petition include the U.S. professional basketball team Dallas Mavericks , as well as online retailer Newegg and Latvian airline airBatic .

The content of this petition seems reasonable and logical, and it is hard to refuse. The editor checked the past information and found that this petition was officially launched as early as September 2018 , and it collected 8,295 signatures as soon as it was launched .

Take a joke and go mainstream

Such a large-scale petition also indirectly proves the popularity of Dogecoin. Dogecoin was born on December 8, 2013 , with a cute Shiba Inu as its avatar. Its birth was purely coincidental, and its original intention was even just to mock Bitcoin and other digital currencies.

It is reported that since the beginning of 2021, the maximum increase of Dogecoin has reached 9977%, nearly 100 times ; Musk's frequent promotion of Dogecoin began in February this year, and after Musk tweeted Doge (Dogecoin) barking at the moon on April 15, the price of Dogecoin rose by 50% that day; on April 16, it soared again, with the increase in 24 hours reaching as high as 250%, reaching a high of US$0.47 per coin, and the total market value once exceeded US$60 billion, exceeding the market value of many well-known global companies including Southwest Airlines.

It can be seen that Tesla CEO Musk has made an indelible contribution to the rise of Dogecoin. It can even be said that Dogecoin is his own "fostered" child. Every time Musk comes out to "promote the product", it attracts a wave of netizens to support it, which promotes the straight rise of Dogecoin's market value on that day.

In addition to Musk's promotion, the recent rise of Dogecoin is also related to the listing of Coinbase, the first US cryptocurrency platform , and the joint marketing of Dogecoin by US meat snack brand Slim Jim .

After Jassy takes office, will Amazon accept Dogecoin?

Since the U.S. Office of the Comptroller of the Currency (OCC) announced in July last year that U.S. banks and financial institutions can legally custody cryptocurrencies , payment giants such as Paypal and Visa have accelerated the pace of expanding their cryptocurrency businesses.

As the world's largest retailer, if Amazon accepts cryptocurrency payments, it will greatly promote the expansion of the cryptocurrency market.

Interestingly, earlier this year, Amazon CEO Bezos announced that he would become executive chairman in the third quarter of this year, when Andy Jassy, ​​head of the cloud computing division (AWS), would take over as CEO.

According to AWS official information, Amazon's managed blockchain solution currently supports Hyperledger and Ethereum protocols, and its clients include Accenture , AT&T and Nestle. Therefore, the market speculates that Jassy, ​​who has a blockchain background, may include cryptocurrencies in payment services after taking office.

However, the comprehensive use of cryptocurrencies for daily consumer payments still faces some implementation difficulties , including: cryptocurrency custody issues, drastic fluctuations in cryptocurrency prices, and high cryptocurrency transaction taxes in the United States .

Therefore, whether Amazon will launch cryptocurrency payments in the future and accept Dogecoin as a payment method remains to be verified by time.

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