Forget the Big Mac, grab a Doge Burger and pay with crypto instead – WORLD CRYPTO BUSINESS

Forget the Big Mac, grab a Doge Burger and pay with crypto instead

[ad_1]
A Dogecoin-inspired virtual restaurant, named Doge Burger, launched in Dubai last week. Locals can order real food from the “cloud kitchen” for doorstep delivery and pay using crypto.

A delectable choice of all-American classics are on the menu, including Doge Burger Chicken and Doge Burger Beef, and for the connoisseurs, the Mushroom and Swiss Burger is sure to hit the spot.

Source: dogeburger.co

What’s even better, despite the naming of the restaurant, none of the meat patties contain any real doge. Instead, the founders named it so as a homage to Dogecoin, which netted them huge returns.

Does anyone fancy a Doge Burger?

Doge Burger pitches itself as the first “crypto-based hospitality-concept,” enabling payment with digital currencies.

“Doge Burger is the chain’s first crypto-based hospitality concept that will enable consumers across the UAE to order and pay for their meal with digital currency.”

Time Out Dubai points out that some UAE-based restaurants were offering payment with crypto as far back as 2014. But whether those restaurants were “crypto-based hospitality” experiences is doubtful, though.

Nonetheless, paying for your Doge Burger is handled by Crypto.com, which offers payment via its own app, MetaMask, WalletConnect, and “Other Cryptocurrency Wallets.”

Source: dogeburger.co

Last month, Elon Musk said he would eat a Happy Meal on TV if McDonald’s accepts Dogecoin. Although McDonald’s bantered back by saying, only if Tesla takes Grimace Coin, the whole thing fizzled into a big, fat, nothing burger.

The problem is paying with Dogecoin (or any crypto) has tax consequences, depending on where you live. Things get further complicated by Dogecoin not really seen as a payment token.

However, the Dogecoin Foundation hopes to change that. Q4 2021 saw them announce plans to reinvent $DOGE as a payment token, or what they call, “a serious universal currency for people.”

Will this be enough to bring back the buyers or foster greater crypto adoption?

UAE paves the way for crypto adoption in the Middle East

The UAE is turning to crypto in a bid to remain competitive. Authorities are poised to issue crypto licenses to attract big names to the region. The Securities and Commodities Authority is close to amending legislation enabling exchanges to operate there.

Bloomberg says the policy could transform the Emirates into a financial center rivaling that of Singapore and Hong Kong.

“A nationwide licensing system for virtual-asset firms could help the UAE better compete with rival financial centers like Singapore and Hong Kong, which are also in the midst of creating fully regulated environments for crypto trading.”

Although some of the country’s financial free zones have already issued equivalent permits, a national policy signals the intent of the top brass.

“Dubai Multi Commodities Centre has licensed 22, while Abu Dhabi Global Market has six and Dubai Silicon Oasis Authority has at least one.”

According to Chainalysis, the Middle East ranks second bottom for global transaction volume, accounting for around 5%. In turn, the UAE is ranked the third-largest crypto market in the Middle East behind Turkey and Lebanon.

Source: blog.chainalysis.com

Clearly, the Middle East and UAE have work to do before they can challenge other regions.

Nonetheless, the Doge Burger founders aspire to drive crypto adoption by facilitating real-world use cases. They were early Dogecoin investors and funded the operation entirely from $DOGE profits.

Posted In: Dogecoin, Adoption

CryptoSlate Newsletter

Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

[ad_2]

Source

Recommended For You

About the Author: adminsystems

58 Comments

  1. Yesterday, while I was at work, my cousin stole my iPad and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone!

  2. My developer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on several websites for about a year and am nervous about switching to another platform. I have heard very good things about blogengine.net. Is there a way I can transfer all my wordpress posts into it? Any kind of help would be greatly appreciated!

  3. you’re actually a excellent webmaster. The site loading velocity is amazing. It seems that you’re doing any distinctive trick. Also, The contents are masterpiece. you have performed a great process on this matter!

  4. Have you ever thought about publishing an e-book or guest
    authoring on other blogs? I have a blog centered
    on the same ideas you discuss and would love to have you share some
    stories/information. I know my audience would enjoy your work.

    If you are even remotely interested, feel free to shoot me an e-mail.

  5. Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!

  6. Mizon Skin Power Original First Essence – 94.5% galactomyces, improves wrinkles and skin imperfections. I think I was sent contaminated or fake products because my skin uas never broke out this bad from trying new products. This was terrible and I would not be purchasing again. Do not waste your money here. Find your products through a verified vendor The Moistfull Collagen Sleeping Pack is a key product in Irene’s skincare routine, and it contains hydrolyzed collagen, which helps to plump and hydrate the skin. Additionally, the sleeping pack contains Baobab tree extract, which is rich in vitamins and minerals, making it a powerful ingredient for nourishing the skin. The sleeping pack is also formulated with a lightweight, gel-like texture that is easily absorbed into the skin, providing long-lasting hydration.
    https://crm.wecanwireless.net/bbs/board.php?bo_table=free&wr_id=57151
    Yes. Maybelline mascaras are good for eyelashes as they lengthen lashes and thicken them. They don’t get clumpy and look good up close, too. Mascara is used to define the lashes and make them appear thicker, longer, and more pigmented. It can also help to separate the lashes and condition them if the mascara has nourishing ingredients in the formula. Below, you’ll find reviews of our top picks for mascaras that add length, volume, curl, definition and impact to lashes, based on extensive testing and expertise, plus information on how we test mascaras in the GH Beauty Lab. “The Dior Diorshow Iconic Overcurl Mascara has a curved mascara brush, to define, coat, and fan out lashes and help to curve them upwards,” writes Marie Claire. “It’s also available in more shades than just your standard black, with a softer brown and more fun blue on offer too.”

Leave a Reply to Cpumcs Cancel reply

Your email address will not be published. Required fields are marked *