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November 29, 2022
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Supported by Gemini, Dogecoin reaches 41 thousand stores

O Flexa payments review app, now allows its customers to pay with DOGE at more than 41,000 retail stores.

The crypto-focused payment network Flexa, an exchange partner led by Winklevoss Gemini, added support for the Dogecoin (DOGE) token “meme” today.

“Good job, everyone, you were GREAT! Now you can spend your US $ DOGE in another 41 thousand stores. Live on the SPEDN app, soon on Gemini Pay. a lot of wow, ”tweeted Flexa.

Initially, the company tried to attract some commotion on social media by saying that it will make “DOGE expendable in each of the 41k + stores in Flexa”If users retweet the corresponding post 1,000 or more times. Unsurprisingly, considering the exaggerated nature and “memeful”From Dogecoin, that goal was quickly achieved – and more.

Flexa launched its cryptocurrency wallet, called SPEDN, in May 2019 in the United States. At launch, the network allowed users to pay with Bitcoin, Ethereum, Bitcoin Cash and Gemini Dollar at retail stores, including major brands such as Whole Foods, Baskin Robbins, Lowe’s and Nordstrom.

Bringing cryptocurrency to retail

To that end, Flexa partnered with Gemini at the same time, allowing large retailers to accept cryptocurrency payments in stores.

“The Flexa cryptocurrency payment network has the potential to transform the payment industry, providing daily use cases for spending your cryptocurrency, which was not a practical reality until now,” wrote Gemini CEO Tyler Winklevoss at the time, adding: “Flexa’s mission is to link the cryptocurrency island to the continent of retail merchants. “

Notably, Gemini itself listed Dogecoin earlier this week, reinforcing the continued rise in the token price. Shortly after the announcement, the DOGE price reached a new historical record of US $ 0.69, bringing its market capitalization to more than US $ 86 billion. This made DOGE the fourth largest cryptocurrency in terms of market value.

To date, Dogecoin is trading at about $ 0.62, up about 100% on the day and more than 900% last month, according to data from CryptoSlate.

For Dogecoin believers, of course, that price is still a long way from “promised moon”, Although the token price has risen 700,000% in the last five years. In fact, a recent survey showed that 25% of Americans really think DOGE is the “next Bitcoin“.

Source: CryptoSlate

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