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 convey you one thing new within the crypto world.
There simply aren’t sufficient canine within the Revolut app…however we’re about to vary 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 large demand from its customers.
“Some of the in style 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, stated 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 in style tokens like Polygon (MATIC), Algorand (ALGO), and Chainlink (LINK).
“There simply aren’t sufficient canine within the Revolut app…however we’re about to vary that. A lot Dogecoin. Such wow. How Revolut? We’re letting the DOGEs out!” the corporate stated in its most up-to-date announcement on Twitter.
Dogecoin, which is now included within the record of supported crypto tokens, will probably be out there for customers primarily based in Europe and the U.Ok to commerce on the Revolut platform.
“I stated earlier than that 2021 could be the 12 months of crypto, and Revolut is right here to ship on that promise,” stated Cooper.
Worth Motion: Dogecoin was buying and selling at $0.328 on the time of writing, down 0.746% prior to now 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.