The dogecoin ecosystem is still firing on all cylinders. There are many things going on behind the scenes, although not all of them will have an immediate impact. The following developments are all interesting enough to keep an eye on in the coming months.
PayPal and Cryptocurrencies (and Dogecoin?) Is an option
For some time now, there have been rumors about payments from PayPal and cryptocurrencies. In a new update, it has been confirmed that merchant cryptocurrency payments will be made possible through this service. Suppliers of all types will be able to accept Bitcoin and altcoin transactions in the future. This can unlock a lot of momentum for Dogecoin, although nothing has been officially confirmed at this stage.
At this time, there is no indication of which crypto assets will be accepted. Enabling Bitcoin support is almost a foregone conclusion. In terms of alternative assets, it is yet to be determined. An approach similar to what CoinPayments does is not entirely out of the question. In addition, Dogecoin has been a viable payment method for some time, giving it an edge over competing assets.
The meme game remains strong
Most people are familiar with Dogecoin due to the number of memes involving this cryptocurrency. It ranges from shibes to Elon Musk, there were hundreds of funny pictures and comics to look at. This trend continues today, as several memes have drawn good attention in the past week.
The first explains how Dogecoin Reddit user behavior evolves when engaging in debates. It sounds true for many crypto communities, but Dogecoin may be at the forefront. There is also the "Doge in the spotlight meme" for 2021, which is very funny in his own opinion.
Having more Dogecoin support exchanges will always be beneficial to the ecosystem. StealthEX is the last exchange to list DOGE. The platform specializes in trading without account requirements and does not store personal data. An interesting approach to cryptocurrency trading, and having doGE on the platform is a big step forward.
No more low dogecoin fees
At the protocol level, an interesting change is about to take place for Dogecoin. Through the soft fork BIP-65 being activated very soon, the network rates will undergo major changes in the near future. Currently, transactions with rates below 1 DOGE are still mined, but this will no longer be the case in a few weeks. It won't have a big impact on rates, but it's still worth paying attention to.