What Occurred: London-based Fintech firm Revolut announced assist for meme-based cryptocurrency Dogecoin on Tuesday.
We’re interrupting your recurrently scheduled Token Tuesdays to deliver you one thing new within the crypto world.
There simply aren’t sufficient canine within the Revolut app…however we’re about to alter that. A lot Dogecoin. Such wow. How Revolut? We’re letting the DOGEs out! pic.twitter.com/mBOrXElsOk
— Revolut (@RevolutApp) June 8, 2021
The addition of Dogecoin marks the 30th token to be added to the digital banking platform after huge demand from its customers.
“One of the vital common person requests over the previous couple of months has been so as to add dogecoin and we have now answered the decision,” Ed Cooper, Revolut’s head of crypto, mentioned in an e-mail to customers.
Why It Issues: Final week, the corporate introduced assist for eight new cryptocurrencies in an inaugural ‘Token Tuesday’ launch, together with common tokens like Polygon (MATIC), Algorand (ALGO), and Chainlink (LINK).
“There simply aren’t sufficient canine within the Revolut app…however we’re about to alter that. A lot Dogecoin. Such wow. How Revolut? We’re letting the DOGEs out!” the corporate mentioned in its most up-to-date announcement on Twitter.
Dogecoin, which is now included within the listing of supported crypto tokens, will likely be accessible for customers based mostly in Europe and the U.Okay to commerce on the Revolut platform.
“I mentioned earlier than that 2021 could be the yr of crypto, and Revolut is right here to ship on that promise,” mentioned Cooper.
Worth Motion: Dogecoin was buying and selling at $0.328 on the time of writing, down 0.746% previously 24-hours.
A market-wide dip in crypto costs noticed the value of DOGE drop to a low of $0.29 yesterday, earlier than recovering above $0.30.