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Dogecoin [DOGE] is now on Robinhood, users go ‘much wow’

Akash Anand

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Dogecoin [DOGE] is now on Robinhood, users go 'much wow'
Source: Unsplash

Robinhood, in its next round of updates, has announced on 16th July that the digital wallet will now let users trade Dogecoin [DOGE]. The digital wallet aims to expand its user base with this implementation.

Robhinhood's tweet | Source:Twitter

Robinhood’s tweet | Source: Twitter

The company’s official blog states:

“We’re working hard to make Robinhood available to everyone, and it’s currently available in 17 states: AZ, CA, CO, FL, IN, MA, MI, MS, MO, MT, NJ, NM, PA, TX, UT, VA, and WI. We also plan to further expand our coin offerings and add support for coin transfers.”

Robinhood does not levy overhead commission charges, making it stand out from the rest. The platform earns through the interest generated on customers’ cash balances and margin lending.

Robinhood now has a total portfolio of five cryptocurrencies on their platform, with Bitcoin cash and Litecoin added last week. The competition in the cryptocurrency industry is apparent with this development as all digital wallets are trying to outdo one another.

 

CryptogGeneticist, a Twitter user commented on the Twitter post:

“Yeah by far one of the best chains out there @RobinhoodApp @AskRobinhood one has to question why one of the most proven longest chains in existence hasn’t been added yet. Lets work together & get #Digibyte $DGB listed.”

Pandaboss, another user stated:

“To the moooonnnn!!! 🚀 1 Doge = 1 Doge. Also…if people start trading this seriously could this spell disaster? For those who have been around awhile we know the joke, but what about n00bs who just got started?”

Dogecoin, which started off as a parody cryptocurrency had peaked in January 2018 when its market volume rose to $2.1 billion. At the time of writing, Doge was trading at $0.0029 with a market cap of about $333 million. In the past 24 hours, the coin has seen a hike of 18.54%, according to CoinMarketCap.



Dogecoin's chart | Source: CoinMarketCap

Dogecoin’s chart | Source: CoinMarketCap

Most of the user opinion shows that Robinhood has created quite the ripple among cryptocurrency users and is on its way to becoming a major player in the market.

Jacob, a crypto enthusiast commented:

“hope the application is going to spread to other states also.”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Bitcoin Cash

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Rishi Raj

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Source: Pixabay

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.

Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.



As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.





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