Dogecoin (DOGE) comes to 41,000 online stores via Gemini-backed payments app
Dogecoin (DOGE) comes to 41,000 online stores via Gemini-backed payments app, productmonth
Gemini, the New York-based digital asset exchange, has launched a payments app that uses Dogecoin (DOGE) as its base currency. By using DOGE, the app is now available in 41,000 online stores, where users can pay for goods and services with cryptocurrency. The app is available to download for both iOS and Android users, and allows customers to pay for goods in crypto and receive a real-time fiat currency payout.
Cryptocurrency-focused payment network Flexa, a partner of Winklevoss-led cryptocurrency exchange Gemini, today added support for the Dogecoin (DOGE) meme token.
Congratulations to all of you, you did a great job! You can now spend your $DOGE at 41,000 additional locations. Live on the SPEDN app, coming soon to Gemini Pay. Very cool, tweeted Flexa.
Congratulations to all of you, you did a great job! You can now spend your $DOGE at 41,000 additional locations. Live on the SPEDN app, coming soon to Gemini Pay. Very cool pic.twitter.com/pyGTgRyERg
– Flexa (@FlexaHQ) 7. May 2021
Initially, the company tried to grab social media attention by advertising that if users retweeted the corresponding message 1,000 times or more, they could get a DOGE at one of some 41,000 Flexa stores. Not surprisingly, given the hype and mawkish nature of Dogecoin, this goal was quickly achieved and subsequently realized.
Flexa launched its cryptocurrency wallet, called SPEDN, in the United States in May 2019. At launch, users on the network could pay with bitcoin, Ethereum, bitcoin cash and Gemini dollars at stores, including major brands like Whole Foods, Baskin Robbins, Lowe’s and Nordstrom.
Introduction of crypto-currencies into retailing
To that end, Flexa has partnered with Gemini to enable large retailers to accept cryptocurrency payments in stores.
The Flexa cryptocurrency payment network has the potential to transform the payments industry by offering everyday use cases for cryptocurrencies that were not previously a practical reality, Gemini CEO Tyler Winklevoss wrote at the time, adding: Flexa’s mission is to connect the island of cryptocurrency to the retailer’s mainland.
Gemini itself listed Dogecoin earlier this week, which has fueled the current surge in the token’s price. Shortly after the IPO, the DOGE share price reached a new high of $0.69, bringing its market capitalization to more than $86 billion. This has made DOGE the fourth largest cryptocurrency in terms of market capitalization.
Deposits are now open for $DOGE. Keep following our feed for updates!
Read more in our blog: https://t.co/kS2B2y4tQr pic.twitter.com/J4TgNrTBhI
– Gemini (@Gemini) 4. May 2021
At the time of publication, Dogecoin is trading at around $0.62, up over 100% for the day and over 900% in the past month, according to ‘s data.
Of course, for Dogecoin followers, this price is still far from the promised moon, despite the fact that the token’s price has increased by 700,000% over the past five years. In fact, a recent poll found that 25% of Americans think DOGE is the next Bitcoin.
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