Dogecoin Is Gaining More Utility, Even If It Is a PR Stunt

I’ll start by noting that I still find Dogecoin (CCC:DOGE-USD) fundamentally unappealing as cryptos go. 

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I’ve long held the opinion that it is nothing more than a tool for traders to make quick profits. It is simply appealing based on the fact that it moves so rapidly. In other words, detractors like myself find Dogecoin to be slightly better than many other forms of gambling at best. 

Like many others, I’ve also long held that DOGE will live or die by its ability to add use cases and utility. 

So, it is necessary then to at least recognize that Dogecoin has recently become more useful. 

It deserves kudos for doing that much. 

Increasingly Useful

In the world of cryptocurrency the idea of utility can be defined in many ways. For example, a coin like Ripple’s (CCC:XRP-USD) XRP coin is useful in cross border transactions and remittances. Likewise, Cardano (CCC:ADA-USD) has utility in education as an example, and is building use cases in smart contract construction. 

Those kinds of use define utility in that something is being built from those respective projects. That will ostensibly bring them value, thus increasing their price.

But another form of utility in the crypto space is that as a means for purchasing goods and services. i.e., What can I buy with this so-called cryptocurrency? Does it, in reality, act as currency?

This is where DOGE has made improvements of late. It is becoming a more widely acceptable form of currency. 

Wider Acceptance of Dogecoin

The good news for Dogecoin is that Canadian healthcare service firm Ask The Doctor announced on Nov. 14 that it would soon be accepting DOGE as a form of payment. 

It should be noted that Ask The Doctor has a long history of being at the forefront of cryptocurrency acceptance as a form of payment. Back in 2016, the firm garnered attention for agreeing to accept Bitcoin (CCC:BTC-USD) and five other cryptocurrencies as payment. 

That implies that Doge is still far…