Our goal since 2021…
– Dogecoin Foundation (@DogecoinFdn) November 24, 2024
The latest initiative, Dogebox, aims to onboard more than a million small businesses worldwide by providing them with tools to self-host, self-custody, and integrate Dogecoin payments into their operations.
“This project allows businesses to create integrations with existing systems while allowing regular node operators to participate in decentralized payment systems,” the foundation noted in its statement, highlighting Dogecoin’s role as a “currency free and open” designed to operate outside of centralized control.
Looking ahead to 2025, the foundation is seeking major sponsors to accelerate these efforts, with the goal of solidifying Dogecoin’s position as a decentralized medium of exchange.
Elon Musk Connection Bolsters DOGE’s Bullish Outlook
The Dogecoin community has long been boosted by Elon Musk’s public support of the cryptocurrency. The memecoin rallied in November mainly due to the launch of the Ministry of Government Effectivenesswhich curiously bears the same initials as Dogecoin’s official ticker, DOGE.
Ministry of Government Effectiveness pic.twitter.com/HFeHYNIkJN
– Elon Musk (@elonmusk) September 7, 2024
Musk is not officially part of the Dogecoin Foundation, but his influence is deeply tied to its current trajectory. Notably, Jared Birchall, Musk’s close associate and head of his family office, sits on the advisory board of the Dogecoin Foundation as a legal and financial advisor.