Virtual currency eCommerce marketplace Bitcoin Shop on April 3 announced it has begun accepting payment processor GoCoin’s dogecoin cryptocurrency.
“Increasing the number of cryptocurrencies our ecommerce platform is capable of accepting has been an ongoing strategy of ours,” Charles Allen, Bitcoin Shop CEO, said in a press release. “In doing so, we not only diversify the risk associated with relying on one cryptocurrency, but also attract a broader consumer base.”
Some 100 billion dogecoins will be mined this year, according to the announcement, citing DogeChain as the source.
In January, the Jamaican bobsled team said it raised $30,000 in dogecoins to help it get to the Olympics in Soshi.
"What's Hot" is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.