Banking app Revolut states its users can now purchase and offer the meme cryptocurrency Dogecoin (DOGE) in addition to the 29 other digital possessions provided on its platform.
The UK-based company’s head of crypto, Ed Cooper, informs Revolut users that the platform is including assistance to DOGE in action to the increasing need for the Shiba Inu-themed token.
“Among the most popular user demands over the previous number of months has actually been to include Dogecoin, and we have actually addressed the call.
We have actually simply released Dogecoin in-app. So now eager crypto consumers and those brand-new to the video game can purchase and offer this popular token.”
Revolut’s listing follows crypto exchange Coinbase presented assistance for DOGE, enabling Coinbase Pro users to trade the crypto possession on June 3rd.
Dogecoin was initially produced as a joke, however with billionaire Elon Musk and other stars promoting and talking about the coin, DOGE is now the sixth-largest crypto possession by market cap.
Digital Currency Group CEO Barry Silbert, called as the “crypto king” by CNBC, states that DOGE is here to remain regardless of its meme origins. He cautions, nevertheless, that the token is presently overpriced.
“It is unworthy $37 billion. Sorry…
If the whole worth of something originates from a cumulative belief – and not effectiveness or energy – then [DOGE] is misestimated.”
Do Not Miss a Beat – Sign up for get crypto e-mail signals provided straight to your inbox
Follow us on Twitter, Facebook and Telegram
Browse The Daily Hodl Mix
Disclaimer: Viewpoints revealed at The Daily Hodl are not financial investment recommendations. Financiers ought to do their due diligence prior to making any high-risk financial investments in Bitcoin, cryptocurrency or digital possessions. Please be encouraged that your transfers and trades are at your own danger, and any loses you might sustain are your duty. The Daily Hodl does not suggest the purchasing or selling of any cryptocurrencies or digital possessions, nor is The Daily Hodl a financial investment consultant. Please keep in mind that The Daily Hodl takes part in affiliate marketing.
Included Image: Shutterstock/petrov-k