Stock and crypto trading platform Robinhood CEO favored the cryptocurrency Dogecoin and said it will be the future currency of the internet.

Highlights

Dogecoin has been offered continuously since 2018, Robinhood says
Dogecoin has a potential that can be used as every day –use-crypto
CEO of Robinhood advised some changes to the developers of Dogecoin

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Vladimir Tenev has always promoted the use of Dogecoin as a daily used currency in Cryptocurrency and he batted in favor of meme-based cryptocurrency. Tenev noted that the transaction fees linked to Dogecoin at present need to be “Vanishing small”. Similar to his statement about cryptocurrency based on memes, Elon Musk said in the past. CEO Tenev has the belief that Dogecoin has the potential to emerge as a usable asset for day-to-day payments and it can be used also as an online payment option after some tweaks and improvements from the end of the developers.

He also posted a series of Twitter threads in which he outlined the roadmap toward larger Dogecoin adoption.

Chief of Robinhood told the highlight of the dogecoin has the two key areas that are its block size and block time that requires improvement before the cryptocurrency inches closer to becoming widely adopted.

Presently Dogecoin has a Block time of 1 minute and a block size of 1 MB that can have the ability to give 40 transactions per second (TPS).

Last year Elon Musk also commented over Dogecoin and said the gas fee should be reduced and it is the need of the hour.

Billionaire investor Musk already accepts the Dogecoin for some of Tesla’s merchandise.

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