Meme coins definitely have their own niche in the crypto industry nowadays. Although there are many meme-coins, only some of them are worthy of the attention of investors. BabyDoge is a cryptocurrency which stands out in the meme-coin segment. BabyDoge seeks to provide real utility to users by building a variety of use cases. A major use case for BabyDoge is payments since the coin has a great transaction speed and cost. NOWPayments offers eCommerce plugins to online businesses that wish to deploy their BabyDoge payment gateway.
Key points:
- BabyDoge is fast and borderless.
- BabyDoge provides companies with opportunities.
- NOWPayments assists eCommerce stores in accepting BabyDoge payments.
What is a BabyDoge coin?
BabyDoge started out in June 2021, and within the first three weeks, it had gained 100k holders. BabyDoge, unlike some of its counterparts, has an actual mission to make cryptocurrency accessible to all people. At the same time, the project wants to save dogs that are in need. Baby Doge promotes mass adoption of cryptocurrencies by relying on the use of NFTs, rewards, decentralized exchanges, and other decentralized products.
Baby Doge exists on Binance Smart Chain, a modern and efficient network using state-of-the-art technology. The network has numerous advantages compared to blockchains such as Ethereum. Thanks to BSC, Baby Doge Coin has 5-second block times and cheap gas fees.
Pros and cons of BabyDoge payments
Advantages of BabyDoge
Zero chargeback fraud
BabyDoge can enable businesses to avoid struggling with the chargeback fraud issue. BabyDoge transactions are peer-to-peer and involve only two parties. Therefore, there are no third parties that can control the transactions. This makes BabyDoge transactions irreversible. Moreover, the transactions are forever stored on the blockchain, so they cannot be changed.
Investment opportunity
BabyDoge also can be used by businesses as a means to diversify their investment. BabyDoge has a deflationary mechanism which means that its supply is continuously decreasing. The limited supply of the coin can potentially make its value rise in the future. As a result, by accepting BabyDoge payments, businesses can get a chance to accumulate BabyDoge coins and grow their crypto wealth.
Borderless payments
BabyDoge has an excellent speed of transactions, thanks to BSC. Therefore, BabyDoge is ideal for international payments. Some companies find it difficult to process orders from foreign clients in a fast way. BabyDoge can help them to accelerate the processing procedure. BabyDoge transactions are completely borderless and have no barriers. So, they always take the same amount of time, namely, mere minutes.
Shortcomings
Transactions fee
A feature of BabyDoge which may not fit some businesses is the size of its transaction fees. Essentially, every BabyDoge transaction entails a 10% fee which gets equally divided between the liquidity pool and all BabyDoge holders’ addresses. Such a fee may not satisfy companies that aim for lower fees when it comes to payment methods.
Few business cases
Another shortcoming of BabyDoge is that it is not a popular payment solution among businesses compared to cryptos such as Bitcoin. Yet, this also means that businesses have the opportunity to become early adopters of BabyDoge payments and get a larger share in the market, attracting more BabyDoge community members.
Best plugins to accept BabyDoge
Shopify
Shopify is the biggest eCommerce solution offering a comprehensive set of tools to merchants. Shopify simply removes the need to possess any technical skills or knowledge to deploy an amazing online store. Shopify is available to people from all parts of the world, enabling them to run and manage their own online stores. Shopify has a massive selection of themes that stores can install, as well as offers numerous payment options. Stores that want to accept BabyDoge or other cryptocurrencies can utilize NOWPayments’ plugin for Shopify.
PrestaShop
PrestaShop is another powerful eCommerce solution. Today, there are hundreds of thousands of stores worldwide that rely on PrestaShop. PrestaShop is a little trickier to use than Shopify since it requires users to deal with hosting and other external services. Yet, PrestaShop has an incredible functionality that merchants enjoy. PrestaShop lets stores track their inventory and orders, calculate taxes, and even generate coupons. Although PrestaShop does not have a built-in payment solution, NOWPayments addresses this problem and provides its crypto payment plugin for PrestaShop. PrestaShop stores can use the plugin to accept BabyDoge payments.
WooCommerce
WooCommerce is a notable eCommerce service enabling businesses to make their online stores. The platform is open-source, so businesses can use it for free. Yet, they will also need to purchase extra features. Still, the majority of the basic functions of WooCommerce are absolutely free. The platform has a payment tool letting WooCommerce accept payments using their websites. WooCommerce users also can install NOWPayments’ plugin to accept many cool cryptocurrencies such as BabyDoge.
Shopware
Shopware is a product which is similar to the aforementioned ones and is also quite powerful. Shopware is flexible and versatile, allowing merchants to manage their stores in a variety of ways. Despite having an interface which is easy to navigate, Shopware provides extensive customization of the basic themes available to users. Unlike some other eCommerce solutions, Shopware can boast a massive set of SEO optimization and marketing tools that businesses can utilize to promote their brand globally. NOWPayments expands the functionality of Shopware further by featuring a Shopware-compatible plugin that lets businesses accept BabyDoge payments.
Zen Cart
Zen Cart is the best free alternative to all of the platforms presented above. Zen Cart is an open-source service for eCommerce businesses. It lets companies manage online stores from a website or blog. Zen Cart is a go-to option for those who do not want to spend money on an electronic cart system. Zen Cart is also highly-customizable. If you have the basic PHP and programming skills, you can create custom Zen Cart themes and storefronts. Zen Cart is available on different platforms, including Linux and Mac. NOWPayments helps Zen Cart companies to accept cryptocurrency payments. For instance, they can feature a BabyDoge payment gateway.
Conclusion
BabyDoge is a new crypto with great investment potential. NOWPayments enables eCommerce stores to accept BabyDoge payments by using plugins.