Dogecoin gained access to Paxos infrastructure, potentially opening future integration with PayPal and Venmo services.
Dogecoin News
House of Doge, the corporate arm of Dogecoin (DOGE), has agreed to a partnership with Paxos that could place the meme coin within reach of users on PayPal, Venmo, and Mercado Libre. House of Doge struck the agreement with its merger partner, Brag House Holdings.
The deal integrates DOGE across Paxos' crypto brokerage and custody infrastructure. For now, it targets business clients and does not yet reach the consumer apps that Paxos supports.
Deal Targets Business Clients First
Paxos supplies blockchain infrastructure to PayPal, Venmo, Interactive Brokers, and Mercado Libre, allowing those platforms to offer the buying, selling, and holding of crypto. It’s unclear whether DOGE will become available to that consumer network.
House of Doge CEO Marco Margiotta said the deal marks a step toward faster global access for Dogecoin. He said the link to Paxos' regulated infrastructure gives fintech platforms a path to offer the token to their users.
Paxos framed the move around compliance. Nick Robnett, the firm's head of crypto business, said it enables digital asset access through regulated infrastructure. He said the firm looks forward to working with enterprise clients as they evaluate expanded offerings.
The network is large. Paxos serves a client base in the hundreds of millions across more than 150 countries, according to the companies.
DOGE traded at $0.100 at 2:23 pm UTC on June 1, according to CoinMarketCap. The token carried a market cap of $15.4 billion.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
