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According to Timeout Dubai, the virtual restaurant was launched by Rocket Kitchens, a chain of virtual restaurants, and its menu was “carefully curated by top chefs” to serve all-American favorites including signature beef, chicken, and mushroom Swiss burgers, among others.
The virtual restaurant reportedly accepts payments in all major cryptosassets, including $DOGE, $BNB, $CRO, $XRP, $USDT, and even rival meme-inspired cryptocurrency Shiba Inu ($SHIB). The restaurant is reportedly looking help boost crypto adoption in the UAE, with its founders being early DOGE adopters.
According to the outlet, the virtual restaurant was even founded using profit from the founders’ early bet on the meme-inspired cryptocurrency DOGE. It’s worth noting, however, that Doge Burger is not the first restaurant in the UAE to accept cryptocurrency payments, with some enabling the option as far back as 2014.
The restaurant is opening shortly after Tesla CEO Elon Musk and DOGE co-creator Billy Markus pushed McDonald’s to accept the meme-inspired cryptocurrency as a payment method.
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.
Other merchants to begin accepting Dogecoin for purchases include AMC Theatres and a German Taxi company.
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.
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.
