Coinbase E-Commerce announces support for the use of the digital currency “Dogecoin” as a payment method
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Answer Coinbase E-Commerce announces support for the use of the digital currency “Dogecoin” as a payment method
The Coinbase e-commerce platform, which is a subsidiary of Coinbase, announced And officially They will accept Dogecoin as a payment method.
Lots of payment. very trade. 🐕
Just a quick blast to let you know that we now accept Dogecoin (DOGE) trade payments!
Coinbase Trading (CommerceCB) July 21, 2021
Dogecoin has become the fifth cryptocurrency supported by the Coinbase e-commerce platform after Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and (USDC).
Coinbase, as one of the best cryptocurrency exchanges in the US, has always shown a friendly attitude towards Dogecoin.
Read:Bitcoin price drop below $50,000 caused $100 million to be liquidated in 10 minutes
On June 2 of this year, Coinbase announced that Dogecoin will be available for trading on Coinbase Pro, to continue Dogecoin support, this time by Coinbase for e-commerce.
As we indicated at the beginning of the article, “Coinbase Commerce” is a platform that operates under the cover of “Coinbase” and is dedicated to facilitating cryptocurrency transactions between customers and merchants.
Although Dogecoin may not be included in the range of the new “S&P Cryptocurrency Broad Market Digital Market” (BDM) index due to the lack of a Dogecoin white paper, Dogecoin’s market capitalization is still present in the top 10 cryptocurrencies by market capitalization.
The BDM Index is an S&P global benchmark index that was officially launched on the 13th of this month and is designed to track the performance of digital currencies listed on recognized open digital trading platforms.
This index includes 243 digital currencies, Dogecoin is not among them.
Dogecoin is currently the eighth largest cryptocurrency with a total market capitalization of $25 billion, as massive publicity from Elon Musk and billionaire investor Mark Cuban has helped redefine the currency and pull it from the cycle of being a mere meme with no purpose and purpose.
Read:The founder of “Social Capital”: Bitcoin has effectively replaced gold!
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