Christine Brown, Robinhood Crypto’s first COO from April 2021 till March 2022, has just lately steered that the meme-inspired cryptocurrency Dogecoin ($DOGE) “doesn’t get the credit score it deserves” for serving to additional cryptocurrency adoption.
Throughout a dialog with Decrypt on the platform’s gm podcast, Brown famous that Dogecoin “had a second final yr on Robinhood’s platform” and that lots of people believed the platform supporting DOGE was a “dangerous factor for crypto general” because it’s a meme coin.
As CryptoGlobe reported final yr, search curiosity for DOGE exploded forward of the cryptocurrency’s 10,000% rally that noticed it hit a brand new all-time excessive close to $0.75. The cryptocurrency has since misplaced most of its worth, and is now buying and selling at $0.056. To Brown, DOGE deserves extra credit score than what it has obtained , because it helped onboard new customers into the cryptocurrency area. She mentioned:
[Dogecoin] in a variety of methods doesn’t get the credit score it deserves for serving to onboard folks into the area.
Brown, who’s now the COO of non-fungible token (NFT) startup Ground, famous that there are three essential entry obstacles to the cryptocurrency area: economics, training, and emotion. Shopping for crypto requires cash and there are dangers related, whereas training stays a major problem, particularly in the case of self-custody.
To the previous Robinhood government, training will seemingly partly be dealt with with the event of latest merchandise within the area, which can make issues simpler for customers. The emotional barrier, she mentioned, is the “huge one” of the three, as buyers are held again by their understanding of the area.
Dogecoin, Brown mentioned, added layers of enjoyable and accessibility that eased consumers’ considerations. She mentioned:
Dogecoin, on the time, made it very easy for folks to be like, ‘Yeah, that is for me. It’s a coin with a canine on it, and I can begin with $1, and I can simply attempt it out and see what occurs and dip my toe in and go from there.’
As reported, Dogecoin co-creator Billy Markus has just lately steered that the “easiest and finest use case” for the cryptocurrency, in his opinion, is tipping, which suggests “spreading happiness over the web.”
Early Bitcoin ($BTC) adopter and promoter Roger Ver, who for his work to assist the early cryptocurrency neighborhood develop was on the time nicknamed “Bitcoin Jesus,” has just lately defended the meme-inspired cryptocurrency is “considerably higher” than BTC itself.
Ver, who can also be the founding father of Bitcoin.com, mentioned in an interview he’s a fan of the meme-inspired cryptocurrency due to its quick transaction occasions and low charges.
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