Coinbase adds Dogecoin to Coinbase Commerce Platform
Altcoin Doge got into the payment platform of Coinbase. According to her, 8 thousand trading platforms around the world belong to this service. In early May of this year, Coinbase collaborated with one of the world’s oldest auction houses, Sotheby’s, which was able to organize a reception of BTC and ETC through this cooperation. Also, the cryptocurrency exchange supports Bitcoin Cash, LTC and USDC trading.
much payment. very commerce. ?
— Coinbase Commerce (@CommerceCB) July 21, 2021
Just a quick blast to let you know we’re now accepting commerce payments in Dogecoin (DOGE)!
It turns out that Dogecoin became the 6th currency in the account, which was sold on the Coinbase Commerce platform, after currencies such as BTC, ETC, Bitcoin Cash, LTC and USDC. Coinbase confirms that this will increase demand for Dogecoin.
A little earlier, one of the major holders of Dogecoin contributed to the filing of a class action against the cryptocurrency exchange Coinbase, accusing it of misinterpreting the rules established for the cryptocurrency draw. The plaintiff filed a lawsuit in the San Francisco court indicating the tender “SELL DOGE, WIN DOGE.” The plaintiff bought a $100 DOGE to take part in the competition, but he might not have done so if the Coinbase exchange had clearly stated that it was not necessary to buy a DOGE to participate in the competition.
Also, the statement of claim states that a marketing company working for Coinbase often uses “misleading” practices in order to minimize the possibility of free participation in promotions. The plaintiff cited as an example a screenshot indicating a direct reference to the rules of the draw. The link is very small and highlighted in a small font, and participants are offered to win the main prize of $300 000.
Jackson Palmer this week posted a Twitter post in which he spoke sharply about digital currencies:
I am often asked if I will “return to cryptocurrency” or begin regularly sharing my thoughts on the topic again. My answer is a wholehearted “no”, but to avoid repeating myself I figure it might be worthwhile briefly explaining why here…
— Jackson Palmer (@ummjackson) July 14, 2021
The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like “get rich quick” funnel designed to extract new money from the financially desperate and naive.
— Jackson Palmer (@ummjackson) July 14, 2021
At the beginning of the creation of Dogecoin, no one took seriously when in 2013 Palmer and Billy Marcus released the currency as a ridicule. They were sure that Doge would never get serious about himself. But, many years later, their assumption turned out to be incorrect, and the currency achieved unprecedented growth and entered the top 10 coins of the cryptocurrency market. Both creators did not receive a single cent of the profit from their development, as both sold their coins before its rise in price.
Palmer assesses the current financial situation as the past, this has already been the case, before the cryptocurrency was born, and that there is no sense in the ordinary user from it. In the cryptocurrency industry, there is no protection against fraudsters and many critics give the same assessment.
The answer to Palmer’s statements was given by Marcus, he supported his point of view, and added that “Palmer is generally right.” I fully support his point of view and accept it, and we both initially saw the negative aspects of this development, Marcus added.
Recall that it contributed to such a huge growth of the coin, which depicts a happy muzzle of the dog of the Siba-inu breed. First of all, these are endless tweets and jokes by the CEO of Tesla Corporation, as well as his insane tweets in relation to a comic coin, the capitalization of which amounted to $55 billion. This led Dogecoin to 6th place in the ranking of world cryptocurrencies. But later Musk on the Saturday Night Live show spoke negatively towards the coin – this is a divorce, which led to a significant decline in the course.
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