Shiba Inu, Dogecoin Accepted for Payment by Food Delivery Company Uber Eats !

rhomelmabini

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Quote from: samcrypto on July 04, 2022, 04:30:42 PM

Quote from: rhomelmabini on July 04, 2022, 01:05:52 PM

I wonder how far can these meme coins go but the fact that these two has large market cap probably Bitpay just look into that and not the actual definition on how they was created. Well, it's a positive one but as always, the question is how far can it go? I wish they still accept it even after a -90% decrease in value for the next bear market.

These tokens has been accepted by many business and yet, their price didn’t pump that much aside from being a meme token, their supply is huge so its really impossible for them to pump that much because if they do, for sure they can beat Bitcoin. This might be another attempt to hype meme tokens again, but for me they are done already because we are moving on into a new trend which is the NFTs. Be careful with meme tokens, mostly they are only moving because of the hype, and later on will dump again.

Meme tokens are lively when there's a bear market and the proof of that was the trend on NFT memes. That can be said on bull market as well, but their hype was just for a meantime then they'll decline. Meme as they called, they're not that to be trusted in any way, remember the squid game rug pull.

Oasisman

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Quote from: Anonylz on July 04, 2022, 02:21:41 PM

If these memecoins can now be used as a payment option, does it change what they initially represent! since are known to be fun coins with no real utility this news has change that for these two coins. Will this really make an impact in these projects and make some investors see them differently, more than just a mememcoin and take them serious?

Originally it's a meme coin even with some major acceptance from different industries, it is still remains a meme coin. It is a basic instinct for this meme coin to go huge though it doesn't have utility but with some acceptance from merchants, investors would learn to trust these meme coin regardless of the hype. These are just some steps to sustain meme coins in the long run.

Henrobakkara

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Look at this Shiba Inu Burned Coins Exceed Market Cap of MATIC with $4 Billion Worth of Tokens Destroyed Even with the total amount of Shiba Inu coin burned over time should have been worth more than the total market capitalization of MATIC, still, there is no impact on the Shiba Inu coin price, What is that Huh

well I guess we have to wait if this will affect the price positively over the years in Bull season.

ilovealtcoins

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Quote from: Anonylz on July 04, 2022, 02:21:41 PM

If these memecoins can now be used as a payment option, does it change what they initially represent! since are known to be fun coins with no real utility this news has change that for these two coins. Will this really make an impact in these projects and make some investors see them differently, more than just a mememcoin and take them serious?

they don't have utilities but they can also become alternative means of payment, which is quite surprising that they don't choose the top coins instead of memes. For those investors who have been following meme coins for a while, this is a good news. It is hard for me to tell if there is any influence from Elon?, I just have a little doubt about it.

cryptoaddictchie

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the news is good and the partnership is still serious, but it did not affect the price in any way.I do not know what other news should appear to rock the exchange rate, it looks like investors are already tired of these assets.

Prices arent meant to pump by simple news. We are in the midst of bear market and even a 10 or more news has been circulated it will only create a sub pump for a while. The ones we need to focus on is the adoption and the ways on how it can spread naturally. Many people got been scared due to massive modus in crypto and we need to turn their trust back once again that crypto isnt only a pyramiding scheme which happened on a lot of p2e projects.

Baimovic

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The news looks very good for meme coin fans because it can invite many fans to increase the value of the meme coin so as to make the people in it happy, maybe this is a pretty good marketing strategy seeing the meme coin community is very large so it can increase the level of the company and get profits in the future.

Doell

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Quote from: rhomelmabini on July 04, 2022, 01:05:52 PM

I wonder how far can these meme coins go but the fact that these two has large market cap probably Bitpay just look into that and not the actual definition on how they was created. Well, it's a positive one but as always, the question is how far can it go? I wish they still accept it even after a -90% decrease in value for the next bear market.

I think it depends on how many people use this meme coin to make purchases at Bitpay, then to that extent the company will keep the coins for use as transactions. Regarding the definition of a coin, the company may already know this, it's just that the popularity of meme makes an exception, this is indeed good news for them to spend their meme assets directly with full when they are lucky on investment.

samcrypto

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Quote from: rhomelmabini on July 04, 2022, 01:05:52 PM

I wonder how far can these meme coins go but the fact that these two has large market cap probably Bitpay just look into that and not the actual definition on how they was created. Well, it's a positive one but as always, the question is how far can it go? I wish they still accept it even after a -90% decrease in value for the next bear market.

These tokens has been accepted by many business and yet, their price didn’t pump that much aside from being a meme token, their supply is huge so its really impossible for them to pump that much because if they do, for sure they can beat Bitcoin. This might be another attempt to hype meme tokens again, but for me they are done already because we are moving on into a new trend which is the NFTs. Be careful with meme tokens, mostly they are only moving because of the hype, and later on will dump again.

crzy

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Quote from: Anonylz on July 04, 2022, 02:21:41 PM

If these memecoins can now be used as a payment option, does it change what they initially represent! since are known to be fun coins with no real utility this news has change that for these two coins. Will this really make an impact in these projects and make some investors see them differently, more than just a mememcoin and take them serious?

Considering their total supply, I believe they will remain as a meme token and this kind of adoption is not that big. Using this as a mode of payment doesn’t gives us the good updates, if SHIB and DOGE will burn their total supply then we might be able to see them rising again. This is the top two meme tokens, its good to see them still active in the market, just be careful with the hype.

Xal0lex

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Quote from: tomahawk9 on July 04, 2022, 12:38:49 PM

Quote from: Xal0lex on July 03, 2022, 03:08:24 PM

It's not quite clear why these food deliverers have started accepting coins as payment that have no bottom and can fall indefinitely, because they are just meme coins, without any utilitarian properties or deflationary model. In my opinion, accepting such coins as payment carries additional risks for business.

Whether we like it or not, mega popular meme coins still have value and a large userbase who might be interested in spending their shitcoins whenever prices skyrocket again, and some companies don't want to miss out on adding another revenue stream. Personally, I know some people who were holding Doge for years and as soon as their bags of memecoins started going up they went on a crazy shopping spree in stores that had implemented bitpay and coingate (another crypto payment gateway).

About the risk for businesses, yeah it's always there, but Bitpay converts to fiat currency on a daily basis so, as long as the companies understand the high volatility of the market and opt in for settlements in local currency every day, they should be good.

DOGE, unlike Shiba inu, has always had a utilitarian function as a quick and cheap way to transfer value between exchange-traded wallets, so holding DOGE made sense, but the coin has gone up in price not because of this use of the coin, but because of speculative tweets by Elon Musk. In general, meme koins perfectly reflect the essence of the altcoin industry. It doesn't matter that the coin has no utility, what matters is that it can be used to speculate as long as possible.

Anonylz

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If these memecoins can now be used as a payment option, does it change what they initially represent! since are known to be fun coins with no real utility this news has change that for these two coins. Will this really make an impact in these projects and make some investors see them differently, more than just a mememcoin and take them serious?

Ulven

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I think most of the coins were created one way or another without any real purpose. The purpose is how can these assets be used to make money through trade?. The hype is still based on memes. There are those who expect their prices to rise in the future. The truth is that if there was an actual use of these memes, their spread would be terrible.

rhomelmabini

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I wonder how far can these meme coins go but the fact that these two has large market cap probably Bitpay just look into that and not the actual definition on how they was created. Well, it's a positive one but as always, the question is how far can it go? I wish they still accept it even after a -90% decrease in value for the next bear market.

tomahawk9

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Quote from: Xal0lex on July 03, 2022, 03:08:24 PM

It's not quite clear why these food deliverers have started accepting coins as payment that have no bottom and can fall indefinitely, because they are just meme coins, without any utilitarian properties or deflationary model. In my opinion, accepting such coins as payment carries additional risks for business.

Whether we like it or not, mega popular meme coins still have value and a large userbase who might be interested in spending their shitcoins whenever prices skyrocket again, and some companies don't want to miss out on adding another revenue stream. Personally, I know some people who were holding Doge for years and as soon as their bags of memecoins started going up they went on a crazy shopping spree in stores that had implemented bitpay and coingate (another crypto payment gateway).

About the risk for businesses, yeah it's always there, but Bitpay converts to fiat currency on a daily basis so, as long as the companies understand the high volatility of the market and opt in for settlements in local currency every day, they should be good.

Lagduf

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No doubt. Being adopted by the third party service is the only way for crypto to be accepted into the retail company in our real life. There was no way for crypto other than helped by the third party to create a bridge where people can actively spending their crypto for something in our real life but this has no impact to the price of the shiba inu and doge coin. I meant you must aware if the fact that if the chart is still even very stable despite this news.

Kemarit

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I guess the more options the better? But if they have supported other coins already, why add a meme or shitcoin? Weird. Anyhow, not sure if this is going to be good for both coins, yes they enjoy the support nevertheless a smart investors knows how to play both or not invest them at all.

Maybe they are faster as far as transaction, but there's no stable blockchain such as Bitcoin just saying. Maybe Uber Eats really wanted to expand and capture holders of Shiba and Doge, but whatever.

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Quote from: Jackl87 on July 03, 2022, 05:38:18 PM

Quote from: Kunnu on July 03, 2022, 02:38:41 AM

This is absolutely a positive news although in this bearish market I don't think this news will be enough to leave a good impact on Doge coin and SHIB nevertheless this decision of Uber Eats company has increased the strength of Doge coin and SHIB which may be worthy for its future progress anyway the time will tell how beneficial is going to be this decision of Uber Eats.

Well it is definitely always a good news if a cryptocurrency is accepted as a payment for a service that is relatively well known. I think that a few years ago like in 2017 or so news like this would be a pretty big thing but nowadays crypto is already pretty mainstream in my opinion and news like that are really nothing special anymore. Also the current bear market is dominating everything and this is another reason why i think that this news will probably not have much impact on the price of Dogecoin and Shiba Inu.
In the end those two are just useless meme-coins anyway and the long term trend for those two coins is downwards in my opinion.

what i like about here is that doge or shib is getting the interest of merchants to be accepted as one of the payment methods in their system. at least adding some value to their existence. because most holders are just holding it for the purpose of possible profit in the future. if they will gain more interest from the community, much better. because it will add more value to its market and will give solid reason of their existence in this community.

Jackl87

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Quote from: Kunnu on July 03, 2022, 02:38:41 AM

This is absolutely a positive news although in this bearish market I don't think this news will be enough to leave a good impact on Doge coin and SHIB nevertheless this decision of Uber Eats company has increased the strength of Doge coin and SHIB which may be worthy for its future progress anyway the time will tell how beneficial is going to be this decision of Uber Eats.

Well it is definitely always a good news if a cryptocurrency is accepted as a payment for a service that is relatively well known. I think that a few years ago like in 2017 or so news like this would be a pretty big thing but nowadays crypto is already pretty mainstream in my opinion and news like that are really nothing special anymore. Also the current bear market is dominating everything and this is another reason why i think that this news will probably not have much impact on the price of Dogecoin and Shiba Inu.
In the end those two are just useless meme-coins anyway and the long term trend for those two coins is downwards in my opinion.

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Anything about possible RL usage of cryptocurrency whether it is a serious project or a meme cryptocurrency is a piece of positive news that may contribute to the positive sentiment of the market. Though it is obviously a business move by Bitpay by taking advantage of the popularity of these two meme coins/tokens and tap their holder to use their service in order to have access to possible real-life utility. A win-win move by Bitpay both for their company and Shiba Inu and Dogecoin market.

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Quote from: blockman on July 03, 2022, 03:20:48 PM

Quote from: tokyohd on July 03, 2022, 01:23:11 AM

via BitPay.

~
A third party that makes us spend for this feature is actually good. They're making our lives easier and spending cryptos very much easy. Those companies that are scared to adopt crypto for payments into their products or services, they can use third parties like Bitpay.

Third-party cryptocurrency payments/gateway has always been in the business of easily and quickly integrating business across many sectors, while also may give the client easy finance/tax reporting purposes, they also give a direct conversion onto a local currency that the business chooses.

The thing is some business aren't want to deal with the volatility of cryptocurrencies or legal hassle, and that is the price they willing to take instead of running their own payment services.

Topic: Shiba Inu, Dogecoin Accepted for Payment by Food Delivery Company Uber Eats ! (Read 200 times)