Dogecoin has quickly become one of the top currencies used as payment for online transactions and is slowly but surely replacing the world’s most widely used payment systems, like PayPal and WorldPay. By having no relation to Shiba Inu dogs, this new currency system has gained its reputation as a friendly, fun alternative to currency systems like the ones listed above. Dogecoin has a unique feature that sets it apart from other commonly used payment systems; it is free and has no transaction fees. It was created by two software engineers, Billy Markus and Jackson Palmer who chose to create an instant payment system, free from traditional banking charges, that has a high payout rate and no waiting time.
The name of the currency originated from a website called Reddit which has a large user base. Redditors loved the idea so much that they started a Dogecoin thread where they discussed the new coin and shared their excitement with others. Within a few months of the original release, dogecoin was a sensation as it was traded heavily on various forms of social media networking and discussion forums. It was quickly embraced by many users and the popularity just kept growing with more dogecoin being released onto the open market by regular users.
Reddit is not the only place where dogecoin has had an influence. It has also made appearances on national news shows such as CNN and The Today Show, among others. Its rapid popularity has been partly due to a marketing campaign by Dogecoin itself, which has been attempting to promote awareness of the currency to younger generations and get them familiar with the funny animal symbol. Whether you are a Dogecoin enthusiast or just looking to give the dogecoin phenomenon a laugh, it is easy to see why this new alternative currency is going to continue to grow in popularity in the future.