Dogecoin gains access to Paxos network used by PayPal and Venmo

The Block3h agoUpdated 2h ago
Dogecoin gains access to Paxos network used by PayPal and Venmo
Smart Read

Dogecoin gained institutional access through a partnership between House of Doge and Paxos, enabling DOGE integration into Paxos's enterprise infrastructure used by PayPal and Venmo. This mainstream integration could drive adoption among retail users accessing crypto via these platforms. The development strengthens Dogecoin's utility beyond speculation, potentially attracting Indian investors seeking exposure through established payment ecosystems.

Key takeaways

  • 1Dogecoin gained institutional access through House of Doge and Paxos partnership integration.
  • 2DOGE now available on PayPal and Venmo's enterprise infrastructure via Paxos network.
  • 3Integration strengthens Dogecoin utility beyond speculation, attracting mainstream retail and institutional adoption.

Coins in this story

Why it matters

This mainstream integration provides Indian retail investors legitimate access to DOGE through established payment platforms, reducing barriers to crypto adoption while signaling institutional validation of Dogecoin as a utility asset rather than pure speculation.

Related stories

XRP drops to $1.32 as sellers overpower exchange outflows
CoinDesk11h ago60-word brief

XRP drops to $1.32 as sellers overpower exchange outflows

XRP dropped to a 15-week low of $1.32 as sellers dominated despite 25 million tokens leaving exchanges and $1.42 billion in spot ETF inflows. The mismatch between accumulation signals and bearish price action leaves traders watching $1.31 support and $1.34 resistance. A break below triggers moves toward $1.28–$1.20; reclaiming $1.34 could spark sharp rallies to $1.37–$1.40.

Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch
CoinDesk17h ago60-word brief

Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch

Coinbase announces INR rails to make the platform fully accessible to Indian retail traders....

A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor
CoinDesk21h ago60-word brief

A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor

A $1.26 billion sale of BlackRock's IBIT shares likely represented a large investor's rapid exit from bitcoin exposure rather than an arbitrage trade, according to NYDIG analysis. The seller accepted a 2.3% discount, prioritizing speed over price maximization. The transaction reflects broader outflows from U.S. spot bitcoin ETFs, with category assets declining from $107.75 billion to $94.17 billion in mid-May.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.