Dogecoin News: Not so long ago, commercial transfers with a wallet-to-wallet QR scan sounded like science fiction. Today, this situation is now considered as a very normal situation. For example, more established businesses now accept cryptocurrencies like Bitcoin and Ethereum as a form of payment. Dogecoin (the crypto money that emerged as a joke) is thought to be used as a form of payment.
More people are starting to buy Dogecoin as all major businesses include cryptocurrency payments in their payments. With increasing demand from consumers, there is an increase in interest from financiers and businesses.
In the near future, shopping with cryptocurrencies will be commonplace. However, are online businesses ready to accept Dogecoin as a means of payment?
Small business owners should consider the advantages of Dogecoin
There are currently over 1,300 businesses accepting Dogecoin payments as of early July 2021, but the numbers continue to grow.
So why do these businesses accept Dogecoin?
- High Liquidity: Unlike many other cryptocurrencies, there is no limit to the number of Dogecoins that can be carried in a cold wallet. This makes the asset inflationary and leaves room for an endless supply. This is likely to affect its value over time, but a solution is already under construction.
- Fixed Number of Tokens Issued: They issue a fixed number of tokens every year to increase the value of Dogecoin. This helps to keep the current value of the Dogecoin you have stable.
- Faster Transaction Speed: Dogecoin transactions are ten times faster than Bitcoin due to one-minute block intervals. This prevents time loss when buying and selling from the business.