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Revolut Provides Dogecoin as Recognition of the Meme Token Rises

Picture: FM Studio

Revolut has expanded its choices with cryptocurrencies by including Dogecoin on its platform, permitting customers to commerce with the favored digital forex, the digital financial institution introduced on Tuesday.

The itemizing got here when the recognition of Dogecoin skyrocketed in latest months as a result of endorsement by tech billionaire Elon Musk and a number of other different celebrities.

“One of the crucial fashionable consumer requests over the previous couple of months has been so as to add dogecoin, and we’ve got answered the decision,” Revolut’s Head of crypto, Ed Cooper, wrote in an e mail despatched to all Revolut customers.

“Now we have simply launched Dogecoin in-app. So now eager crypto prospects and people new to the sport can purchase and promote this fashionable token.”

Meme Token – So What?

Regardless of being primarily based on an web meme, Dogecoin is backed and vouched by a dedicated group. The digital forex gained greater than 6634 % in 2021 alone, thus turning into one of many prime ten cryptocurrencies primarily based on market capitalization. The crypto is buying and selling at $0.33, as of press time, after shedding over 10 % of its worth within the final 24 hours.

As well as, the recognition of the meme token prompted different heavy-weight exchanges like Coinbase Professional to checklist it not too long ago, thus legitimizing it additional.

UK-based Revolut launched cryptocurrency buying and selling in 2017 when the market began gaining mainstream consideration. Earlier this yr, the platform added 11 cryptocurrencies, which have been fashionable and classy amongst crypto merchants.

Dogecoin has turn into the thirtieth cryptocurrency to be listed on the digital banking platform.

“I mentioned earlier than that 2021 can be the yr of crypto, and Revolut is right here to ship on that promise,” Cooper added.

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