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top-crypto-news Dogecoin

Dogecoin can now be purchased at 1800 Bitcoin ATMs in the United States.

March 24, 2022
Reading Time: 3 mins read
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dogecoin
What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

What is Dogecoin?

Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.

Dogecoin was added to Bitcoin of America’s ATMs, which already operate with Bitcoin, Ethereum and Litecoin.

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***

News for enthusiasts of Dogecoin: will now be available for purchase at 1800 cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. ATMs in the United States.

Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. of America, an ATM operator Bitcoin, registered as a money services business with the U.S. Department of the Treasury yesterday announced that it has incorporated Dogecoin to your ATMs Bitcoin (BTM).

The news is out! #Dogecoin is now available at Bitcoin of America BTMs ???? pic.twitter.com/rK7uRRQA7E

— Bitcoin of America (@BTCofAmerica) March 23, 2022

It is worth noting that Bitcoin of America added Ethereum in October last year and was already trading Bitcoin and Litecoin before that.

According to the press release, the company acknowledged that “Dogecoin’s growing popularity and decided it was time to include it in its BTMs.” To date,Bitcoin of America has more than 1800 BTMs in 31 states.

Likewise,Bitcoin of America reported that it has made several upgrades to its machines and services over the past year. In May last year, it announced its new Universal Kiosk. “This universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM function where customers can dispense cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. from a debit card. The second function is being able to buy cryptocurrencies with cash. The last one is that customers can sell cryptocurrencies in exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. for cash.” reported.

Bitcoin of America also said it offers a hosting program for store owners who are interested in cryptocurrencies or looking to earn additional income.

Uploaded Dogecoin

Perhaps in response to the news, Dogecoin skyrocketed yesterday and in the last 24 hours it has had an increase of almost 14%, much higher than the percentage increase of Bitcoin y Ethereum a decentralized open-source blockchain with smart contracts functionality. in the same day, which do not amount to 3%, as can be seen in CryptoMarkets.

The creator of Dogecoin, Billy Markus (“Shibetoshi Nakamoto”, on Twitter), praised the recent price increase and said that Dogecoin went up, but at the time I didn’t know the reasons why:

Good job. #dogecoin , subiste por alguna razón. A la luna o lo que sea

good job #dogecoin , you went up for some reason

to the moon a situation where there is a continuous upward movement in the price of a cryptocurrency. Often used in communities to question when a cryptocurrency will experience such a phenomenon, saying “When moon?” It is usually combined with “When Lambo?” or whatever

– Shibetoshi Nakamoto (@BillyM2k) March 24, 2022

UToday reported that the upturn could also be related to the fact that yesterday Travelling, a commission-free cryptocurrency trading software, launched support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for Dogecoin, allowing consumers to trade and receive DOGE.

In addition, this media referred that because yesterday was National Puppy Day in the USA, Dogecoin received additional attention, with Binance and other companies making memes and jokes from the communities behind the most popular dog parody coins, such as the case of Doge y Shiba.

Sources: Twitter, Press release , UToday , archivo

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