NewsletterJust-In: Dubai Launches First DogeCoin (DOGE) Themed Restaurant
Dogecoin has recorded another win in mainstream adoption. Doge Burger, a DOGE-themed virtual restaurant, has launched in Dubai. The restaurant is the first crypto-inspired food outlet in the United Arab Emirates.
Several cryptocurrencies are accepted by Doge Burger
The restaurant announced via its Instagram page that it accepts several cryptocurrencies. These include Bitcoin, ETH, BNB, CRO, XRP, USDT, SHIB, and DOGE.
It was launched by Rocket Kitchen, a chain of virtual restaurants, which also prepares the all-American menu as reported by a local news outlet, Time Out Dubai. Being a virtual restaurant, it only takes orders to deliver the burgers to customers. The branding of the packages reflects its affinity with Dogecoin.
However, it is not the only restaurant accepting cryptocurrencies in Dubai. Some other restaurants have been accepting crypto from as far back as 2014 Time Out Dubai reports.
Doge Burger is also not the first crypto-themed restaurant. Welly’s, which launched last month in Naples, is a Shiba Inu themed restaurant.
Memecoins are seeing their share of adoption in the crypto space growing rapidly. Other businesses that have started accepting DOGE include Elon Musk’s Tesla. Musk recently revealed that Tesla plans to accept DOGE at its SuperCharger stations. Musk also plans to establish a chain of drive-in restaurants at Tesla’s SuperCharger where DOGE will be accepted.
However, the memecoin continues to be highly volatile despite growing adoption. On the day, DOGE is trading at $0.13, down -6.05% in the last 24 hours.
Crypto adoption is growing in the UAE
Doge Burger is only the latest business aiming to drive up acceptance of cryptocurrencies in the UAE. The government of the country has plans to attract even more crypto investors. This month, the UAE announced that plans were underway to issue federal licenses to crypto businesses.
The UAE also has its sights on increasing the presence of crypto miners in the country. The Middle East country says regulating the crypto sector will be more beneficial to its economy.
Meanwhile, the UAE is also the third biggest crypto market by transaction volume in the Middle East.
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