- The Daytona Nissan announced that it would start accepting Dogecoin as payment.
- The announcement came after Dogecoin hit an all-time high thanks to Elon Musk.
- Musk tweeted that the coin is the ‘future currency of the earth’.
The surge was due to Elon Musk’s tweet that said that the coin is the ‘future currency of the earth’. During this time, the coin shot up on all exchanges. DOGE has since ranked in the top 15 coins according to CoinGecko.
Co-owner of Daytona Nissan, Kendall Garrison, admitted his unfamiliarity with Dogecoin. However, one of his workers proposed the idea of promoting with the coin.
Kendall Garrison said he mispronounced the coin several times before he got it right. He said,
Though there’s a dog head on the currency, it’s not dogcoin, but Dogecoin.
Much to Garrison’s shock, his business began trading with DOGE during a three-day promotion this past week.
Furthermore, he said that the response was overwhelming and that internet traffic was up nearly 6,000%. Additionally, the post was shared on Facebook several times in the first half hour alone.
Garrison noted the high volatility of DOGE and advised users to convert their DOGE to USD. He confirmed that Nissan accepts DOGE, but only as a down payment and only up to $5,000 based on current market value.
Moreover, Garrison stated that they created a crypto wallet. This is what they will to accept the DOGE payments. He even said that Nissan may consider another Dogecoin promotion.
Read Also: How Has Dogecoin Survived So Far?