Meme inspires Dogecoin cryptocurrency

Published 3:18 PM ET, Tue February 25, 2014
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It started off as a parody to the widely traded digital currency Bitcoin, but now Dogecoin is becoming a popular cryptocurrency in its own right. The coins' playful symbol is a Shiba Inu, inspired by an Internet meme in which "doge" became another term for "dog." Courtesy
Matt Thompson, a user of cryptocurrency, decided to accept Dogecoins as a form of payment for his Wisconsin vacation home which he put up for sale last summer. Courtesy Matt Thompson
Thompson's vacation home is located in Hayward, Wisconsin. He's selling the house for 100 million Dogecoins, or about $135,000. Courtesy Matt Thompson
Although it started as a joke three months ago, Dogecoin's community has come together to finance several causes, including raising $30,000 on Crowdtilt to send the Jamaican bobsled team to the Sochi Winter Olympics. Here's the team sporting their check and Dogecoin T-shirts. Courtesy Crowdtilt
Billy Markus, the creator of Dogecoin, says the cryptocurrency is meant to be fun and accessible. That could explain the silliness of its website, which features a Shiba Inu zipping around in a rocket ship. "I hope Dogecoin continues to grow as the Internet's tipping currency and brings people joy," he said. Courtesy