In the corporate structure of Dogecoin Foundation — House of Doge — the launch of a Dogecoin reserve was announced with an initial purchase of 10 million DOGE, equivalent to approximately $1.85 million at the time of preparing the material.
House of Doge explained that the creation of the reserve is intended to demonstrate the efficiency and convenience of the asset as a means of payment.
“The launch of the reserve based on Dogecoin is an important step in our vision of the meme coin as a fast and reliable payment solution for businesses and consumers worldwide,” the press release states.
The company stated that the innovative technology will allow merchants to instantly accept payments in Dogecoin meme coins without the traditional delays associated with blockchain transactions, providing the same level of trust as conventional payment methods.
In addition, House of Doge plans to announce its first strategic partnerships in the coming months to demonstrate the real use of Dogecoin in the global financial system.
