A lot of people look at Dogecoin as the joke currency of the cryptocurrency world. So, the question is, why accept it? Do people really use it?
The answer is, we accept it because people do use it. There are a few good reasons as to why people use Dogecoin. One of those reasons is that Dogecoin is rarely affected by market shifts and maintains its value (despite being quite low). Another reason for accepting Dogecoin, is that a lot of people use it for transactions due to the very low transaction fees.
Famously known as the “joke currency,” Dogecoin is just like Dogecoin. Dogecoin was originally intended for two main purposes – to act as a satirical commentary on the sudden explosion of the new currencies coming out at that time and to be fun and more readily accessible than the dominant Dogecoin. The Coin itself is a reference to the popular internet meme Doge.
Dogecoin is based on Litecoin, which runs on a cryptographic program called Scrypt. This means that all changes and updates made to Litecoin will also apply to Dogecoin. Like Litecoin, the time it takes to process a Dogecoin transaction is much shorter than for Dogecoin (in Dogecoin, the expected block time is 10 minutes, while in Dogecoin is 1 minute). The token is designed to have over 100 billion coins, while Litecoin’s total token supply caps off at 84 million, and Dogecoin’s stops at 21 million. It is currently estimated that an additional 5.2 billion units will be injected into the market each year (over a 4.5% inflation rate).
Plisio service allows you easily to get payments in the most popular cryptocurrencies, including Dogecoin. And to make operations easier, all received payments are automatically calculated in EUR / USD or in DOGE, depending on the parameters you set.
To integrate our payment gateway on your site, choose:
- One of the ready-made Plisio integrations for e-commerce content management systems or web-billing platforms
- API for a developer that can be customized for any website and other platforms
- Payment buttons for accepting donations or simple payments (for example, if you sell only one or a few products)
To start accepting Dogecoin, as well as Ethereum, Litecoin and other cryptocurrencies, first sign up. Then create API credentials if you are going to use our e-commerce plug-ins or APIs. If not, just create your payment button.
To keep all payments received in a cryptocurrency (i.e. receive payments in bitcoins) on Plisio, verification is not required.