Coinbase Commerce Added Support for Dogecoin
There’s some fun in the market that people are really worried about. We know that Dogecoin saw a decent spike yesterday, but still it failed to cross the crucial resistance level of 21 cents. This just might be the best time to accumulate. But we have some great news for Dogecoin came out from Coinbase today. And it could truly be a game changer.
Coinbase Commerce added support for Dogecoin
The big news is that Coinbase Commerce has finally added support for Dogecoin. Now, this is a big deal because it’s only the sixth cryptocurrency ever to be accepted by Coinbase Commerce. So their Twitter account said ,
“Much payment. very commerce. Just a quick blast to let you know we’re now accepting commerce payments in Dogecoin (DOGE)!”
Coinbase Commerce can currently be integrated with Shopify to accept payments in crypto, and that is massive because Shopify is perhaps the biggest player when it comes to e-commerce. Shopify is the choice of many small businesses to build their e-commerce shops. At least 10 percent of these e-commerce sales came from Shopify and that amounts to 420 billion dollars potentially coming into the crypto market. And now some of it is going to come into Dogecoin, too.
Coinbase sued over Dogecoin sweepstake ad campaign
Coinbase, the largest retail cryptocurrency exchange in the U.S., is facing a class action lawsuit from a Dogecoin trader. In the legal document, the plaintiff David Suski said he was deceived into trading $100 of Dogecoin to become eligible for entry into Coinbase’s $1.2 million Sweepstakes offer. Sweepstakes is a contest where prizes are given out through a lottery system to users of one of Coinbase’s product or services.
The Sweepstakes that the plaintiff had issues with took place on Jun 3 and involved prizes worth $1.2 million in Dogecoin. In the document, the plaintiff alleges the campaign promoting the sweepstakes was misleading because anyone could enter free of charge by mailing in an index card with the required information.
The document also said if the ads were made clear about a 100 percent free entry option, the plaintiff would not have given Coinbase $100 or paid the commission for the trade to acquire Dogecoin, as he already had 1,000 Dogecoin in an account with another company. The class action complaint states:
“The only reason that Plaintiff undertook to buy more Dogecoins from Coinbase was because the Company led him to believe that doing so was necessary to enter Coinbase’s $1.2 million Sweepstakes.”
The lawsuit seeks more than $5 million in damages on behalf of the plaintiff, Suski, as well as millions of other Coinbase users.