Accepted by Wix’s eCommerce platform, DOGE price still hits weekly lows

One of the leading website builders, Wix, enabled support for cryptocurrency payments. Especially this time, DOGE continues to be on the list next to Bitcoin, Ethereum.

DOGE and other cryptos now accepted by Wix’s E-commerce platform

The press release stated:

“BitPay, the world’s largest provider of blockchain payment services, and Wix, a leading global SaaS platform to create, manage and grow an online presence, today announced the addition of BitPay’s Bitcoin and cryptocurrency payment processing as a new payment option on the Wix eCommerce platform.”

So the Israeli web development service Wix, which has 210 million users worldwide, has added a bunch of cryptocurrencies as new payment options, including the memecoin Dogecoin. Besides that, other cryptocurrencies include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), XRP (in certain countries), and 5 USD-pegged stablecoins (BUSD, DAI, GUSD, USDP, and USDC).

New features will be rolled out in phases. Initially, the cryptocurrency was accepted in the United States, Canada, the United Kingdom, Germany, and Brazil. The integration provides Wix eCommerce merchants the opportunity to grow sales by attracting first-time buyers who prefer to pay with Bitcoin or other cryptocurrencies.

According to Forrester Consulting, commissioned by BitPay, merchants offering a crypto payment option often see a 2x increase in average order values. Buyers who pay with cryptocurrency tend to spend more than other customers.

DOGE also had a good run last week, but it was beaten by a 9% drop in the past week, falling to the 10th rank on CoinMarketCap.


Source: CoinMarketCap

Then another version of Dogecoin, Shibu Inu, also grew wildly just five days before it rallied 385% in seven days. The coin, launched last year as a “Dogecoin killer” and is now the fifteenth largest crypto by market cap, suddenly shedding 8% of its value in the past 24 hours.

Like Dogecoin, people are jumping on Shibu because its price is being pumped online. And again, like Dogecoin, an absurd amount of the cryptocurrency has been minted: there is one quadrillion in circulation. It appears that investors are attempting to replicate the gains made through the meteoric rise of Dogecoin and other meme coins.

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