BitPay CCO Claims Dogecoin (DOGE) Is Eating Away at Bitcoin’s (BTC) Payments Volume

Dogecoin is chipping away at Bitcoin’s dominance in cryptocurrency payments, according to BitPay Chief Commercial Officer Sonny Singh:

We’re seeing a lot more buying coming from Dogecoin now, believe it or not.

As of last week, the meme coin was responsible for 10 percent of all transactions processed by BitPay.

Dallas Mavericks, Mark Cuban’s basketball team, started accepting Dogecoin in early March. Last week, electronics retailer Newegg also welcomed the Shiba Inu-inspired coin as a new payment option.   

Keep reading