Coinbase Global officially announced that it’ll accept dogecoin for commerce payments through their Twitter handle.
With this Dogecoin (Doge) became the seventh cryptocurrency to get listed on Coinbase Commerce, the e-commerce arm of the US-based crypto exchange, rising 7 per cent higher post the announcement.
With this Doge, the e-commerce arm of the US cryptocurrency exchange coins the 7th cryptocurrency to be listed, growing by 7 per cent after the announcement.
This adds the meme cryptocurrency that started as a joke for several other coinbase trading cryptocurrencies—bitcoin, bitcoin, ethereum, litecoin and USDC.
Yesterday, Elon Musk highlighted dogecoin on the “BW” virtual event, stating it would be ironic to get the established cryptos over the crypt launched as a joke. According to CoinMarketCap, Dogecoin’s market valuation is ~$24.7B versus $597.7B versus bitcoin and $230.7B versus ethereium. This morning dogecoin trading with crypto was ~$0.19, $31.8K, and ~$1,970.
Why It Matters:
Dogecoin is the latest in coinbase trade cryptocurrency.
The coinbase’s e-commerce platform has previously been supported by Bitcoin (CRYPTO: BTC), Bitcoin Cash, DAI (CRYPTO: DAI), Ethereum (CRYPTO: ETH), Litecoin (CRYPTO: LTC), and USD Coin (Crypt: USDC).
Dogecoin has gained momentum this year as a company payment alternative. An increasing list of companies including Sheetz Inc. and Newegg Commerce Inc. accept payments in digital currencies, including Dogecoin. Payments can be accepted online by digital currency.
Price share: Global shares closed at $230.87 on Wednesday at a rate of 2.6 per cent above the price level. Price action:
Dogecoin has grown 6.9% in the last 24 hours