In the corporate structure of Dogecoin Foundation — House of Doge — it was reported that a reserve based on Dogecoin was launched with an initial purchase of 10 million DOGE, equivalent to approximately $1.85 million at the time of preparation.
House of Doge explained that the creation of the reserve is intended to demonstrate the efficacy and convenience of the asset as a means of payment.
«Launching a 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 shoppers around the world,» the press release states.
The company stated that the innovative technology will allow merchants to instantly accept payments in the meme coin Dogecoin without the traditional delays associated with blockchain transactions, providing the same trust as conventional payment methods.
Additionally, House of Doge plans to announce its first strategic partnerships in the coming months to demonstrate the real-world use of Dogecoin in the global financial system.
