Coinbase Wallet Officially Adds Support For Dogecoin

Coinbase wallet, the American crypto giant, officially added support for Dogecoin (DOGE) to its platform according to an announcement published yesterday which we are reading more about in the latest cryptocurrency news.

The announcement points out that the users are now able to store their DOGE altcoins directly onto the Coinbase wallet app. The coin is now among the other popular cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), bitcoin cash (BCH), Ripple (XRP) and Stellar Lumens (XLM). The wallet also offers support for the DOGE testnet.

The inventor of the dogecoin Jackson Palmer invented the token initially as a part of a joke but it later gained attention from the crypto community and became the users’ favorite. In September 2018, the CEO of SpaceX Elon Musk who is also the CEO of Tesla asked Palmer to combat crypto scamming on Twitter and he decided to send Musk a script on how to solve the problem including the usage of his digital asset.

As reported in the altcoin news, Dogecoin is now 27^th largest cryptocurrency according to CoinMarketCap and is trading around $0.002. The digital asset managed to increase up to 3 percent over the past 24 hours. The market cap of the altcoin is around $309 million while its daily trading volume reaches a point of $33.8 million.

Back in March, the Coinbase Wallet app introduced by Coinbase provided its users with a direct link to the main platform. The wallet can now be connected on the accounts on the main platform for quick transfers to the wallet.

As previously reported, Coinbase Wallet introduced back in April 2018 a rebranding process for the company’s open source decentralized app (dApp) wallet and browser are known as Toshi. The rebranded Toshi had a few new features from the main app Coinbase.com and was aiming to provide better security and more transparency. Coinbase wallet lets users store their private keys on the devices but also allows them to buy and store crypto-collectibles by using the Dapps and receive tokens from initial coin offerings (ICOs). The company also announced that the users can back up their private keys on the cloud storage which is now Google Drive or iCloud to which the crypto community didn’t act so well.