Dogecoin takes a step closer to practical use with official reserve of 10 million DOGE established

On the 24th, House of Doge, a new corporate division of the Dogecoin Foundation, established the "Official Dogecoin Reserve" with the purchase of 10 million Dogecoins (DOGE) (equivalent to approximately 280 million yen). The company's director Michael Galloro emphasized that "the reserve will bridge the gap between transaction processing delays and instantaneous use in the real world, making Dogecoin a practical currency for everyday payments."

The biggest feature of this reserve is that participating stores can receive Dogecoins immediately at the time of payment. It eliminates the waiting time that occurs in conventional blockchain transactions and replaces the traditional payment method...