The House of Doge, a new Dogecoin Foundation partner, announced they are holding a reserve of 10 million DOGE

This can accompany blockchain payments to better position Dogecoin as a useful means of making daily payments. The reserve will act as a liquidity cushion for customers and store owners

The House of Doge, a new Dogecoin Foundation partner, has announced they are holding a reserve of 10 million DOGE, which is around $1.8 million. The funds will be used to create a liquidity cushion for customers and store owners and allow for smooth transactions.

The House of Doge is aiming to address the slow transaction times on the blockchain and high throughput can accompany blockchain payments to better position Dogecoin as a useful means of making daily payments.

The liquidity pool will come into play as part of a broader effort by The House of Doge to make it easier for merchants to accept Dogecoin. Over the coming months, House of Doge plans to announce partnerships with merchants—including sports teams, restaurants, and beverage companies—that will bring Dogecoin into the real world, according to Foundation Director Timothy Stebbing.

These arrangements, which are expected to begin rolling out in February 2025, will also help to expand the Foundation’s reach and bring more attention to Dogecoin. The group is also working to bring in payment processors for the crypto to be used at a high rate.

In addition to a reserve and partnerships, The House of Doge will create programs to incentivize users to spend Dogecoin, which could help to increase the coin’s velocity. This builds upon the established name of having a low fee. A relatively low-fee Dogecoin has made a name for itself despite starting unusually.

This way, it is an endeavor to make a DOGE payment experience as easy as just swiping a card.

"This liquidity pool initiative will provide stability and trust to individuals using cryptocurrency in their daily lives," said Michael Galloro, a newly elected board member with the House of Doge.

Dogecoin, which began as a tongue-in-cheek satire of the early days of the crypto mania, has evolved into a serious contender in the blockchain space with its focus on payments.

With this initiative, the goal is to work with payment solution providers to increase merchant visibility to Dogecoin.

"We will be able to utilize DOGE for processing mass transactions without sacrificing any costs or security in order to continue unfolding this plan gradually but ultimately elevate DOGE to be on par with conventional payments," the Foundation stated.

The Dogecoin Foundation will be partnering with The House of Doge in hopes of making a meme coin available for use by a preferred payment method.

This partnership will prioritize working with payment solution providers to increase merchant visibility to Dogecoin.

The Foundation stated, "We will be able to utilize DOGE for processing mass transactions without sacrificing any costs or security in order to continue unfolding this plan gradually but ultimately elevate DOGE to be on par with conventional payments."