Dogecoin (DOGE) has recently seen a large momentum with spiking up above 120% in the course of a single week, in addition to collecting over 50% of gains against the fiat in the period of 24 hours several days ago.
A part of the increased interest in Dogecoin goes to one of the most recent announcements from the team regarding the test launch of Dogethereum, the latest project by the DOGE dev team. Alongside with Dogethereum bridge that should enable cross-chain operations between Ethereum and DOGE, the team is introducing the Dogecoin community to smart contracts.
However, another thing is placing DOGE into the spotlight for the past several days, maintaining the momentum although the price is seen slightly dropping on September 4th.
Apparently, Yahoo Finance has added support for DOGE, allowing the crypto to channel its intended use case, also having DOGE petitioned to appear on Amazon as a payment method. Known to be a fast coin that provides cheap transactions, can Dogecoin pose as a future of payments even outside the hype?
Dogecoin (DOGE) Supported by Yahoo Finance
Listings are always exciting for cryptocurrencies, also attracting more attention to the newly listed currencies across various exchange platforms.
The hype revolving around Dogecoin perhaps got even heavier once Yahoo Finance announced adding Dogecoin to its portfolio alongside with Litecoin (LTC), Bitcoin (BTC) and Ethereum (ETH), which is a huge confirmation that DOGE actually represents a great potential as a payment method.
With the new use case, Dogecoin will be hosted on TradeIt available for iOS users, is available for trading with some of the top cryptocurrencies, which should add more on the overall value of DOGE.
The services Yahoo Finance uses should be extended which means that TradeIt should become available for Android users, also designing a version for Desktop, that way increasing the visibility and accessibility of Dogecoin as a positive consequence.
In the meanwhile, a group of users is trying to get DOGE to Amazon as a form of a payment method.
Can DOGE Coin be the First in Line Once Amazon Starts Accepting Crypto?
Mass adoption of cryptocurrencies is slowly catching on as a trend with various integrations in the pipeline. That is how many small and medium businesses are starting to accept crypto as a payment method, also having large networks like Twitter and Telegram accepting integrations of real-life use cases with cryptocurrencies.
Even companies like Facebook, that was posing bans on all crypto-related ads up until the recent case when the ban was remodeled, are showing interest in utilizing blockchain technology and crypto assets.
Amazon makes up for one of the largest markets for different goods available online for worldwide purchases and deliveries, so it looks like a natural course of events to have this service start accepting cryptocurrencies.
Amazon has not declared their status on the matter of accepting cryptos as a matter of payment, nor did the company state that they are against cryptocurrencies; however Amazon is not offering crypto payments for now.
Although this is the case, there is a petition on Change.org seeking signatures to get Dogecoin to Amazon as a form of supported payment method, stating that as a lightweight coin, Dogecoin is perfect for instant and cheap payments, as well as micropayments.
The goal is set to collecting 10,000 signatures, now being short for around 700 signatures in order for the group to reach their objective. However, this attempt is less likely to get Dogecoin to Amazon without having the company previously showcasing an interest in digital assets.
Whichever the case, DOGE could be some of the first cryptocurrencies to get added to platforms like Amazon and Alibaba given the fact that it represents a stable coin that is able to support fast and extremely cheap payments.
Dogecoin and the Future of Payments: Lightweight Experience
Although getting DOGE to Amazon is currently limited to a single petition that probably won’t take Dogecoin (DOGE) where intended, at least not instantly, it is not had to imagine Dogecoin on all major platforms and online stores and networks, as one of the available payment methods.
Dogecoin represents a fork of Litecoin (LTC), originally the fork of the first crypto ever to be launched, and just like its mother coin; Dogecoin is able to process fast payments at very low fees, while at the beginning users could “get away” with zero-fees.
Although this is the case, fees will not grow with DOGE, while the currency allows instant payments and micropayments at very low processing times.