SoftBank-Backed Travel Booking Platform Expands With Dogecoin ($DOGE) Payments


The SoftBank-backed travel booking platform GetYourGuide has announced its expansion to the United States, after selling more than 45 million tours across 170 countries. It’s launching with a Dogecoin (DOGE) payment option.

According to a press release«, GetYourGuide’s expansion to the United States will allow travelers in the country to “maximize each trip with awide selection of experiences vetted by our local experts across the country’s largest tourism destinations.”

The platform is available in 14 different languages and offers 40 currency payment options, including DOGE payments via BitPay. Speaking to CryptoGlobe GetYourGuide’s CMO Emil Martinsek said the meme-inspired cryptocurrency was the firm’s first foray into crypto, adding:

Doge has some benefits like transaction speed and costs, but we don’t plan to stop here as we continue to help customers move from over a year of virtual – videoconferencing, streaming, currencies, short positions – to physical, unforgettable things to do.

The move comes after the price of DOGE surged 4,000% in a year, partly thanks to celebrities like Musk, Kiss singer Gene Simmons, billionaire Mark Cuban, Snoop Dogg, and others tweeting jokes about it, fueling its growth.

The cryptocurrency hit a $0.74 all-time high last month, but crashed along with the wider cryptocurrency market. The meme-inspired cryptocurrency was created back in 2013 as a joke, but its community is well-known for taking on philanthropic projects, which included helping charitable organizations.

Looking at its price chart, a pseudonymous cryptocurrency analyst and bitcoin bull has predicted that the price of Dogecoin is “programmed” to plunge to $0.05 and that even Tesla CEO Elon Musk would be unable to save it. His prediction is based on a head and shoulders chart pattern.

GetYourGuide was backed by SoftBank in a $484 million funding round in 2019, and last year raised an additional $133 million through a funding round led by U.S. private equity firm Searchlight Capital. The funds were raised as a convertible note.

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDIT

Featured image via Unsplash



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