Cryptocurrencies have taken the payments market by storm, giving users an alternative method of sending funds to individuals or companies within seconds. However, which cryptocurrency does it best? And which one should you choose? To give you some insight, let’s have a look at DOGE. This article will review why you should pay with DOGE and why accepting payment is also viable.
What is DOGE?
DOGE is the digital cryptocurrency developed by Dogecoin. The main object of this company is to provide peer-to-peer transactions using the DOGE coin. Eventually, the team aims to make DOGE the currency of the internet. The mascot for the company is also called DOGE, which translates directly into ‘dog’, and is associated with the Shiba Inu seen below.
Original Dogecoin was created as a meme currency and for fun based on the Shiba Inu posted on Tumblr many years ago. Things started to get serious when the popularity of the coin started skyrocketing with a massive 300% price increase within a 72-hour time period. This occurred all the way back in 2013 when China began cracking down on cryptocurrencies. A few days later the token saw its first price dump, reducing in price by 80% due to the Chinese new regulations. Things were looking bleak for the coin back then.
However, several years later the sleeping giant awoke and reached its previous all-time high in 2018, with a market cap of $1,986,736,955 with a value of $0.017. Recently Dogecoin has been making headlines with a new all-time high of $0.07797, something many users thought was unimaginable. Dogecoins future looks bright as it’s quickly gaining in stature and is currently in the top 10 cryptocurrencies in the world. Big names like Elon Musk have also tweeted about Dogecoin in the past really giving authority to the coin.
Getting Started With Dogecoin
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Why use NOWPayments.io?
NOWPayments is the easiest way to accept online payments in a wide variety of cryptocurrencies. This service is custody-free, has competitive fees and is available worldwide.
- Over 50 cryptocurrencies are accepted on the platform with an in-built exchange feature;
- API, widgets, plugins and a donation button are all easy to integrate;
- It is a non-custodial service ensuring the security of your funds;
- A very simple setup