PayPal's Crypto Move Could Help Bitcoin Dogs Explode, Here's Why

Bitcoin has pulled back again in recent days even after PayPal said its merchants will now be able to buy and sell crypto directly from their business accounts.

PayPal said earlier this week that its merchants will now be able to buy and sell cryptocurrency directly from their business accounts.

The announcement came at a time when macro events and concerns largely overshadowed the development. But what PayPal’s move does show is that the financial technology giant expects cryptocurrencies to play a more significant role in global business moving forward.

And who’s to say the related benefit will be limited to the likes of Bitcoin and Ethereum only? Up and coming meme coins like Bitcoin Dogs stand just as much a chance to rally as crypto use cases continue to evolve from here on out.

PayPal attributed its decision to merchants’ desire to enjoy similar cryptocurrency capabilities that the fintech has made available to its consumers.

“We’re excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly,” the company added.

It makes sense to expect PYPL’s announcement as a tailwind for Bitcoin as it effectively makes cryptocurrencies more accessible for millions of merchants.

Once the related upside begins to reflect in BTC, the price of $0DOG – the native meme coin of Bitcoin Dogs may follow its lead as it’s the world’s first initial coin offering on the Bitcoin blockchain.

You can think of Bitcoin Dogs as the closest younger cousin of BTC that loves to imitate everything that Bitcoin does.

That’s what helped $0DOG garner massive interest from the community and raise well over $13 million in presale. It’s also what enabled Bitcoin Dogs to secure a listing on big names like MEXC and Uniswap within weeks after the presale.

That may also help the $0DOG meme coin to rally further as Bitcoin delivers on expectations of a sharp recovery in the months ahead.

You can learn more about Bitcoin Dogs and its native $0DOG token on this link.

Finally, there are two more reasons to consider building a position in Bitcoin Dogs at writing.

First, meme coins, especially ones like $0DOG that have already made the investment community excited tend to explode in the early innings that Bitcoin Dogs is in currently.

Second, the US Federal Reserve has started turning more accommodative in terms of its monetary policy and is broadly expected to double down on that stance moving forward, which will continue to make cryptocurrencies, including $0DOG more attractive to own.

You can dive deeper into what Bitcoin Dogs is and what its $0DOG coin has to offer on its website here.

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