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DogePal's services are simple. All people need is a recipient's email address to send them money in the form of Dogecoin. The user creates an account with a login and password. If the password is lost, the user can reset the password, but cannot recover the Dogecoins in their account. Therefore, backing up the private key associated with the DogePal account is a top priority for all users.

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GoCoin, an international payment platform, today announced plans to support Dogecoin. The move means that businesses using the platform will soon be able to accept dog money payments, which GoCoin already supports for Bitcoin and Litecoin. "We've looked closely at all the latest altcoins and chosen Dogecoin as a viable currency, largely because of the power of its society," said Steve Bollegaard, goCoin's founder and CEO. By integrating dogecoin into our platform, GoCoin is one step closer to getting merchants to accept any digital currency, increasing sales and expanding the ability of new customers. "We look forward to being able to dogecoin in real time and in the next few weeks," he added.

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Jay Hao, chief executive of OKEx, gave a positive assessment of popular meme cryptocurrencies. In a conversation with Cointegraph, he made it clear that although it is a meme-based cryptocurrency, he has a positive view of the cryptocurrency. However, BTC's Ryze raised strong objections to Dogecoin after prices fell following a price frenzy triggered by the TikTok challenge. DOGE prices rose 150 percent last week, one of the most important gains in three days. TikTok's challenge to the price of dog coins has led to explosive increases. The DOGE/USD price rate fell after hitting a high near $0.00569 on July 8. BTC's Ryze made a tough argument against Dogecoin after it said memes acted like cryptocurrencies in 2017.