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Dogecoin (DOGE) is getting more traction as of late as several firms adopted the said cryptocurrency this week. It looks like the popularity of the meme crypto is still strong these days.
Dogecoin wallet in Robinhood
As mentioned, several companies have adopted dogecoin this week as one of them includes Robinhood. The trading platform confirmed that they’re all set to introduce a cryptocurrency wallet feature in its app come October and yes, it will support dogecoin deposits and withdrawals.
Billy Markus – DOGE’s co-creator – tweeted stating that they are allowed to overreact now as Robinhood wallets according to him are huge news for dogecoin. Further, he noted that it opens up so many users to the real utility of cryptocurrency.
RedSwan also accepts DOGE
The commercial real estate tokenization platform of RedSwan, on Wednesday, made it known that the firm will be accepting dogecoin for two digital real estate deals on their website. Additionally, they are presenting this fractionalized ownership in two high-rise apartment buildings with a combined amount of $384 million.
That said, RedSwan CEO Edward Nowkedi said that dogecoin is on the cusp of transitioning from a meme coin to legitimate institutional and transactional use cases.
As for the two digital properties named LHOK and APLO, these real estate deals are said to be taking $1,000 as a minimum investment which translates to 4,548 DOGE as of writing. The properties are also offering annualized targeted investor internal rate of returns of 19 percent and 26 percent respectively.
AMC’s dogecoin poll
It was also on that same day that the CEO of AMC Entertainment – Adam Aron – did a poll over on Twitter as he asked people whether dogecoin should be included in the company’s plans to support cryptocurrency payments for tickets by the end of this year. Twitter folks got four options for the said poll where the “yes, for sure do it” option garnered a commanding 68.1 percent (out of 140,000 participants) of the votes.
Now that it was relayed loud and clear, the AMC CEO stated that they now need to figure out how to fulfill it.
Tesla and SpaceX CEO Elon Musk, on the other hand, also threw in his two cents about it as he commented that it’s super important for DOGE fees to drop to make things like movie tickets viable.
Per BitInfoCharts’ data, the number of dogecoin transactions took a dip by 16,000 as this was the first time it happened in four years. However, the said number is in contrast to the so-called DOGE mania that was felt in April of this year as its peak transactions levels back then are at 140,000.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
