Saturday, October 23, 2021
Home Crypto News Market Bitpay CCO Claims Dogecoin Is Eating Away Bitcoin Dominance In Crypto Payments

Bitpay CCO Claims Dogecoin Is Eating Away Bitcoin Dominance In Crypto Payments

- Advertisement -

According to BitPay commercial director Sonny Singh, Dogecoin is eating Bitcoin dominance in cryptocurrency payments.

Sonny Singh claims that BitPay process more than a billion dollars a year, which proves that people are really willing to spend cryptocurrency.


As of last week, the Doge coin was responsible for 10 percent of all transactions processed by BitPay.

Believe it or not, we are now seeing a lot more purchases from Dogecoin.

Mark Cuban’s basketball team, Dallas Mavericks started accepting Dogecoin in early March. Last week, Newegg An Online Retail Giant Started Accepting Dogecoin As Payment Method.

WeWork and World’s Largest Electronic Music Store Beatport start accepting Bitcoin, Ethereum, and other cryptocurrencies earlier this month.

Singh told that Bitcoin total share of crypto payment on Bitpay fell to an all-time low of 50 percent. Singh says Bitcoin is mostly seen as an investment assets, while alternative cryptocurrencies are used for payments.

In addition to Dogecoin, stablecoins are also becoming extremely popular with BitPay merchants.

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Transient Raises $1.2 Million in IDO Public Sale to Build the Amazon of Smart Contracts

Tortola, British Virgin Islands, 22nd October, 2021, Transient Network, a Smart Contract Global Marketplace, is thrilled to announce that it has raised $1.2 million...

Binance Smart Chain Is Bringing Fee-Burning Mechanism Like Ethereum

The Binance Smart Chain (BSC) has published a proposal to improve the BEP-95 ecosystem, This new mechanism will be similar to the Ethereum chain...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.