- Billy Markus believes Dogecoin can stand out as a digital currency.
- Elon Musk, in the past, has shared similar views about DOGE, calling it the best form of money.
- Dogecoin could transition to PoS with the help of Vitalik Buterin.
Dogecoin co-founder Billy Markus has called for the dogecoin community to promote the asset as a digital currency. Though no longer on the project, Markus has consistently offered suggestions to ensure DOGE continues to grow.
The Currency Of The Future
In a series of tweets yesterday, Billy Markus urged the Dogecoin community to sink the ‘meme/speculation label’ and promote Dogecoin as a digital currency for payments. Markus reasons that the crypto community is filled with tokens and assets driven by communities hoping to get returns on owning the asset. He believes that Dogecoin has the necessary qualities to stand out as a means of exchange. His tweet reads:
“Dogecoin needs to market itself as a digital CURRENCY… there’s already infinite digital speculation and digital utility tokens and chains, and pointless speculation tokens are made daily… dogecoin is in the best position to be the most used for purchasing and tipping... if you want dogecoin to succeed, continue to be relevant, and have a reason and need to exist, utility comes from using it, accepting it, and showing others the benefits to do so.”
Markus isn’t the first person to champion the use of Dogecoin as a major currency. Billionaire Elon Musk, who has a background in payments from his stint at PayPal, once said that Dogecoin was the best version of money he has ever seen. In an interview with TIME, the Billionaire revealed that the scalability and inflationary controls of Dogecoin made him prefer the crypto asset to Bitcoin and Ethereum as a means of payment.
Dogecoin today is accepted as a means of payment for some Tesla merchandise. AMC theatres recently also announced that the company would be accepting payments in the pioneer meme coin.
As reported by ZyCrypto, Musk has affirmed that if he buys Twitter or creates his own social media platform, he will integrate the meme coin as a tipping option. Musk has expressed dissatisfaction with the microblogging platform lately, and people speculate that the world’s richest man may consider buying it or creating his own social media platform.
The Doge Outlook
Though Billy Markus and Jackson Palmer created Dogecoin as a meme, the token has enjoyed massive adoption. Dogecoin enjoys the vocal support of billionaires Elon Musk and Mark Cuban. While development around the project has not been steady, this year promises to be different.
Dogecoin Foundation, which actively oversees the project, has revealed that they would be working with Ethereum’s Vitalik Buterin to move Dogecoin to Proof-Of-Stake (PoS). Markus, in his tweets, also encouraged others who love the project to contribute to it.
As of publication time, the meme coin is down 0.88% in the last 24 hours, trading around the $0.14 price point across major exchanges. Despite today’s performance, the meme coin had enjoyed a bullish week, up 7.55% in the last 7 days. It is the 12th largest digital asset with an $18.6 billion market valuation.