Dogecoin to be used as Payments in Coffee Shops, Mom and Pop Businesses with DogePal
The aim of using Cryptocurrencies as cash is still not yet a reality for everyone. But that might soon be changing with many companies trying to solve this problem.
What began as just a joke is now not a joke anymore, it is a network with a market cap of over $370 Million. Companies like DogePal are trying to make Dogecoin more accessible to be used in payments.
The company currently enables users to pay Dogecoin via email addresses. As Dogecoin has very low fees, one can use it even for day to day payments for Coffee. All the user has to do is send Dogecoin via email to the vendor who will get a notification of the payment in just 20 seconds.
There is also an option for anonymous tipping without the sender having to reveal their email address. A random address will be selected from the DogePal database where the users can tip to it.
The company plans to offer Dual factor authentication and Dogecoin specific news feed along with account history of their users in their new release.
Tom, who started the project shared his future plans to increase Dogecoin adoption in an interview with Blokt.
“Perhaps we can combine ordering and payment into one functionality, in the mom-and-pop arena, so, for example, the vendor is notified when dogecoin is sent to the vendor’s DogePal address, and the information is queued onto a video screen. For new features, there’s a lot on the to-do list.”
Dogecoin has very cheap transaction fee on the network which makes it feasible to be used in payments and eventually even micropayments. Projects like DogePal are pushing towards driving the merchant adoption of Dogecoin.
we’re pushing to get DogePal production-ready in various marketplace scenarios, such as the farmer’s market, mom and pop business, and the coffee shop. We’re looking to run some tests in these areas of business.
Dogecoin is currently priced at $0.0031 with a market cap of $373 Million. At one point Dogecoin even surpassed Zcash to occupy the 20th position but was soon overtaken by other Cryptocurrencies, it is currently the 25th largest Cryptocurrency.
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Get the latest news on Blockchain only on Blockmanity.com. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Leave a Reply