Latest news with #CoinbaseCommerce
Scoop
27-05-2025
- Business
- Scoop
Can A Meme Coin Become A Real Payment Solution?
Article – Hugh Grant Meme currencies are becoming increasingly popular, but they are still not fully viable ways to pay, and price volatility is the most important thing. Meme coins change value more often than Bitcoin or Ethereum. There have been many trends in the world of cryptocurrencies, but meme coins have had a lasting cultural impact that few others have. These digital assets, led by Dogecoin, were never meant to be taken seriously. They came from internet pranks and online subcultures. They didn't have the official white papers, advanced technologies, and big promises that many of their peers did. Instead, they became popular because they were entertaining, easy to find, and the power of viral networks. But as time went on, some of these so-called joke tokens started to get a lot of attention from corporations, payment networks, and even retail investors. This change was made possible by the rapid growth in the Dogecoin price, which was caused by celebrity endorsements and talk on the internet. Some people thought the price jump was crazy speculation, while others said it was people changing their minds about other digital currencies. People liked using Dogecoin for peer-to-peer payments because it was easy to use, had cheap costs, and processed payments quickly. It wasn't simply a meme anymore; it could actually be used as a way to trade things. As retailers, influencers, and tech supporters started to accept Dogecoin as payment, the question changed from 'Why would anyone use this?' to 'How far can this go?' Merchants and Platforms Taking it Up Businesses, both online and offline, need to accept a cryptocurrency for it to work as a legitimate payment method. In the last few years, more and more stores have started taking Dogecoin and other meme coins as payment. This form of payment encompasses everything from high-end items and electronic gadgets to coffee cafes and streaming services. Even well-known corporations like Tesla briefly accepted Dogecoin for goods, which was a small step toward making it more widely acknowledged. Third-party payment systems have also connected meme currencies to real-world use. Businesses can accept cryptocurrencies, including Dogecoin, and turn them into real money immediately with services like BitPay and Coinbase Commerce. This lowers the danger of price swings that usually keep organizations from dealing directly with digital assets. As more payment processors add meme coins to their systems, it gets easier for users to spend and for retailers to accept them. This makes the case for their usefulness in the real world much stronger. The Problems with Stability and Scalability Meme currencies are becoming increasingly popular, but they are still not fully viable ways to pay, and price volatility is the most important thing. Meme coins change value more often than Bitcoin or Ethereum. Because of this unpredictability, businesses have difficulty setting prices, and customers have difficulty using them without losing value. Another worry is scalability. Dogecoin has shorter block times and lower costs than Bitcoin, but it still has problems with transaction volume and network throughput. Meme currencies need to build scalable infrastructure if they want to be used as payment solutions globally. This includes off-chain options like payment channels or adding Layer-2 technologies to make the system bigger and less crowded during times of heavy demand. What Community and Culture Do Strong communities distinguish meme currencies. These tokens thrive when people get enthused and start grassroots campaigns on Reddit and TikTok. Since they fit in with the culture, they effectively recruit and spread the word. Dogecoin supporters have become activists, tipping creators, raising money for charity, and promoting social causes. As more meme currencies become decentralized, these groups can help with governance and growth. Forums and DAOs let users vote on network settings, financial priorities, and technology updates. Some meme currencies have formal governance structures, allowing them to adapt to user needs and market conditions, ensuring the viability of their long-term payment system. Beyond Dogecoin Dogecoin is the most renowned meme coin, but it has inspired many others to do more than mimic it. To combine meme culture with genuine financial systems, Shiba Inu, Floki, and other currencies have introduced staking, smart contracts, and NFT marketplaces. These efforts are striving to be more than a joke by finding new uses. These initiatives will succeed if they can create and maintain meaningful, engaging, and easy-to-use use cases. Developers are also being more strategic with token placement. They are using decentralized finance (DeFi) networks, mobile payment apps, and fintech partnerships to integrate meme currencies into financial systems. This variety of uses, from tipping and small payments to delivering money and commercial services, could make meme currencies more trustworthy digital payment solutions. The Regulatory Horizon As meme currencies become conventional payment options, regulators will pay greater attention to them. Governments worldwide are trying to classify and control cryptocurrencies, especially volatile and investor-friendly ones. Meme currencies must carefully adhere to these regulations to gain acceptance as real payments. This could mean obeying KYC and AML standards and having clearer tax disclosure. Are They Useful? Meme coins are no longer just hilarious photos shared online. Their low transaction costs, community-driven momentum, and additional payment options are making them more viable currencies. Meme currencies are becoming more effective in online purchasing despite their price volatility, growth potential, and absence of rules.
Scoop
27-05-2025
- Business
- Scoop
Can A Meme Coin Become A Real Payment Solution?
There have been many trends in the world of cryptocurrencies, but meme coins have had a lasting cultural impact that few others have. These digital assets, led by Dogecoin, were never meant to be taken seriously. They came from internet pranks and online subcultures. They didn't have the official white papers, advanced technologies, and big promises that many of their peers did. Instead, they became popular because they were entertaining, easy to find, and the power of viral networks. But as time went on, some of these so-called joke tokens started to get a lot of attention from corporations, payment networks, and even retail investors. This change was made possible by the rapid growth in the Dogecoin price, which was caused by celebrity endorsements and talk on the internet. Some people thought the price jump was crazy speculation, while others said it was people changing their minds about other digital currencies. People liked using Dogecoin for peer-to-peer payments because it was easy to use, had cheap costs, and processed payments quickly. It wasn't simply a meme anymore; it could actually be used as a way to trade things. As retailers, influencers, and tech supporters started to accept Dogecoin as payment, the question changed from "Why would anyone use this?" to "How far can this go?" Merchants and Platforms Taking it Up Advertisement - scroll to continue reading Businesses, both online and offline, need to accept a cryptocurrency for it to work as a legitimate payment method. In the last few years, more and more stores have started taking Dogecoin and other meme coins as payment. This form of payment encompasses everything from high-end items and electronic gadgets to coffee cafes and streaming services. Even well-known corporations like Tesla briefly accepted Dogecoin for goods, which was a small step toward making it more widely acknowledged. Third-party payment systems have also connected meme currencies to real-world use. Businesses can accept cryptocurrencies, including Dogecoin, and turn them into real money immediately with services like BitPay and Coinbase Commerce. This lowers the danger of price swings that usually keep organizations from dealing directly with digital assets. As more payment processors add meme coins to their systems, it gets easier for users to spend and for retailers to accept them. This makes the case for their usefulness in the real world much stronger. The Problems with Stability and Scalability Meme currencies are becoming increasingly popular, but they are still not fully viable ways to pay, and price volatility is the most important thing. Meme coins change value more often than Bitcoin or Ethereum. Because of this unpredictability, businesses have difficulty setting prices, and customers have difficulty using them without losing value. Another worry is scalability. Dogecoin has shorter block times and lower costs than Bitcoin, but it still has problems with transaction volume and network throughput. Meme currencies need to build scalable infrastructure if they want to be used as payment solutions globally. This includes off-chain options like payment channels or adding Layer-2 technologies to make the system bigger and less crowded during times of heavy demand. What Community and Culture Do Strong communities distinguish meme currencies. These tokens thrive when people get enthused and start grassroots campaigns on Reddit and TikTok. Since they fit in with the culture, they effectively recruit and spread the word. Dogecoin supporters have become activists, tipping creators, raising money for charity, and promoting social causes. As more meme currencies become decentralized, these groups can help with governance and growth. Forums and DAOs let users vote on network settings, financial priorities, and technology updates. Some meme currencies have formal governance structures, allowing them to adapt to user needs and market conditions, ensuring the viability of their long-term payment system. Beyond Dogecoin Dogecoin is the most renowned meme coin, but it has inspired many others to do more than mimic it. To combine meme culture with genuine financial systems, Shiba Inu, Floki, and other currencies have introduced staking, smart contracts, and NFT marketplaces. These efforts are striving to be more than a joke by finding new uses. These initiatives will succeed if they can create and maintain meaningful, engaging, and easy-to-use use cases. Developers are also being more strategic with token placement. They are using decentralized finance (DeFi) networks, mobile payment apps, and fintech partnerships to integrate meme currencies into financial systems. This variety of uses, from tipping and small payments to delivering money and commercial services, could make meme currencies more trustworthy digital payment solutions. The Regulatory Horizon As meme currencies become conventional payment options, regulators will pay greater attention to them. Governments worldwide are trying to classify and control cryptocurrencies, especially volatile and investor-friendly ones. Meme currencies must carefully adhere to these regulations to gain acceptance as real payments. This could mean obeying KYC and AML standards and having clearer tax disclosure. Are They Useful? Meme coins are no longer just hilarious photos shared online. Their low transaction costs, community-driven momentum, and additional payment options are making them more viable currencies. Meme currencies are becoming more effective in online purchasing despite their price volatility, growth potential, and absence of rules.
The Independent
28-01-2025
- Business
- The Independent
SeaDream becomes first cruise line to accept cryptocurrency payments for all voyages
SeaDream Yacht Club has started accepting cryptocurrency payments from cruise passengers. The luxury brand is believed to be the first cruise line to accept cryptocurrency as a payment option for all voyages. Passengers can now book sailings to destinations such as the Caribbean Mediterranean, Norway, and northern Europe using bitcoin, ethereum and more than 200 of the most frequently used cryptocurrencies. Digital currencies can be used to make secure payments for a cruise holiday on the SeaDream website or to charter its yachts exclusively for celebrations such as weddings or corporate events. Payments will be processed using Coinbase Commerce. The announcement was made during the opening day of WAGMI Miami, a crypto conference in America. Andreas Brynestad of SeaDream Yacht Club said: 'SeaDream has always been an innovator, setting new standards in luxury travel. By accepting cryptocurrency, we are embracing a payment solution that is increasingly sought after by our guests. 'The ability to use cryptocurrency further adds to the convenience and flexibility of our discerning charter guests, eliminating currency exchange challenges and enabling seamless transactions.' Cryptocurrencies have increased in value in recent months, with the bitcoin price hitting a record high of $109,000, helped by support from new US president Donald Trump. One of president Trump's first executive orders identified the development of digital assets as a national priority. This may raise hopes of cryptocurrencies becoming accepted more widely. There was an unsuccessful attempt by enthusiasts in 2020 to create a floating crypto community in the Gulf of Panama. Investors acquired former P&O Cruises ship Pacific Dawn, revamped it and renamed it Satoshi after the Bitcoin founder. The idea was that people could purchase cabins and companies could buy commercial space, with Bitcoin accepted as a form of payment, but the organisers couldn't get insurance for the ship and it was later sold to what eventually became Ambassador Cruise Line.
