BabyDoge is one of the newest members of the canine crypto family. Inspired by a meme, BabyDoge goes beyond the meme-coin status to bring real utility to people. BabyDoge is extremely popular and within the first 21 Days of birth Baby Doge Coin made history surpassing more than 100k holders. Baby Doge seeks to make crypto available to the average person while also helping save dogs in need. Overall, BabyDoge is a fun collectible token protocol built on Binance Smart Chain. It has a 420 Quadrillion supply and deflationary mechanics as opposed to traditional inflationary/fixed supply. NOWPayments enables businesses to accept BabyDoge as payment.
Key points:
- BabyDoge has a great community and utility.
- BabyDoge can solve the problem of chargeback fraud.
- NOWPayments assists companies in accepting Baby Doge Coin.
Benefits of BabyDoge
Transparency
Baby Doge is a decentralized project which runs on the support of its community of enthusiasts. As a result, Baby Doge encourages open communication and believes in trust and transparency.
Community
As mentioned above, Baby Doge has one of the fastest-growing and most loved communities in the crypto industry. The team behind the project believes that only together, Baby Doge stakeholders are strong. Community is everything, and Baby Doge strives to include everyone from around the globe. The project has multiple Telegram channels dedicated to our international communities. Baby Doge is essentially owned by its fun, vibrant community and welcomes and embraces diverse perspectives to build Baby Doge into the best community in crypto with a do-good mission of helping save dogs in need.
Trust
Trust is the fuel of the Baby Doge community. This means that the project upholds the principle of full transparency not only in the community and development but also in security efforts. Baby Doge has been audited by a third party and has burned and locked the majority of the LP tokens. So, Baby Doge has no rug pulls.
Longevity
Unlike some of the meme coins, Baby Doge is here to stay. The decentralized community of the project is fostering and adopting long-term development of the ecosystem and foundation. The efforts of the community focus on driving real use cases. As a result, Baby Doge is a platform with a great future.
Deflationary mechanism
Baby doge supply decreases with each transaction and 40% of the supply has been burned so far. Moreover, Baby Doge Coin holders automatically receive a 5% fee from every on-chain transaction that happens in the Baby Doge ecosystem.
Ways to upgrade your business using BabyDoge
No chargeback fraud
Nowadays, businesses face numerous forms of fraud. Some of them can be detrimental to the stability of companies’ processes and operations. Although chargeback fraud is not as destructive as some other types of fraud, it is certainly annoying and quite common. The worst thing about chargeback fraud is that it is extremely difficult to counter since the decision to provide the chargeback lies with banks.
Nevertheless, cryptocurrencies such as BabyDoge can help businesses to solve the problem with chargeback fraud by transitioning to peer-to-peer transactions. Since all BabyDoge transactions involve only two parties, the sender and the recipient, chargebacks are impossible. In other words, there are no third parties which can pull the plug and reverse a BabyDoge transaction. Essentially, all BabyDoge transactions are recorded and stored forever on the blockchain which makes them impossible to change.
Low fees
Perhaps the biggest concern for every business is expenses. Every company tries to drive down costs to increase profits. Fees are one of those expenses which are out of businesses’ control. Moreover, fees tend to rise steadily as banks and other payment-processing services regularly increase them. As a result, to sustain their costs, companies end up charging their clients more money for the same products, which in turn leads to lower sales.
In order to break out of this vicious cycle, businesses can switch to cryptocurrencies. For instance, BabyDoge is deployed on Binance Smart Chain, which has relatively low transaction fees. Of course, all BabyDoge transactions also entail a built-in fee which gets distributed among all BabyDoge holders. Yet, those people who will use BabyDoge as a payment method will be more than happy to pay that fee, since they will also get a share of it back. Moreover, in some cases, even taking into consideration the 5% fee, BabyDoge will still have a lower total fee than certain alternatives such as bank transfers.
Investment potential
The majority of businesses refuse to accept cryptocurrencies and they have millions of reasons for that. Some do not know how to handle digital assets, while others are afraid of forgetting their private key and losing all of their crypto funds. At the same time, some cryptocurrencies are simply hard to resist since they offer impressive investment opportunities and BabyDoge is one of them.
Since BabyDoge relies on a deflationary mechanism, the supply of BabyDoge is constantly decreasing. This in turn may lead to a growth in the coin’s value in the future. This is why, by accepting BabyDoge payments, companies can steadily get BabyDoge coins and keep them in their wallets. By embracing long-term hodling strategy, businesses that accept BabyDoge may theoretically get a sizable return on their investment in several years.
Fast and borderless payments
Another notable feature of the Binance Smart Chain, used by BabyDoge, is the speed of transactions. Basically, BSC is much more efficient than its main competitor, Ethereum, which helps it to not only offer lower fees but also faster transactions. Subsequently, BabyDoge transactions take no more than a couple of minutes. Thus, businesses can feature Baby Doge Coin as a method for fast payments.
Moreover, thanks to its amazing transaction speed, BabyDoge is also perfect for international payments. Some businesses struggle with processing orders from foreign clients due to considerable delays in their payments which happen because of banks. BabyDoge transactions are completely borderless and have no barriers. So, there is nothing that can slow them down. As a result, no matter where the sender and the recipient live, the transaction speed of Baby Doge Coin remains stable. This is perfect news for businesses with global clientele.
Complete privacy
Consumers value financial privacy. Yet, the mainstream financial services simply cannot provide it since they require too much personal information from their clients. BabyDoge embraces a completely different approach. BabyDoge users do not share their private info with anyone. All one needs to have to start sending and receiving BabyDoge is a crypto address which can be generated anonymously and in a matter of seconds. This is why Baby Doge Coin can be used by businesses as a private method of payment.
How to accept BabyDoge
Companies have a choice of solutions for integrating Baby Doge Coin payments.
Online merchants can install special plugins which are designed specifically for the following platforms: PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware. Plugins automate all payments and let companies get BabyDoge payments.
Businesses also can issue crypto invoices and use a virtual Point-of-Sale terminal. Such tools let merchants get more control over their crypto payments. Moreover, there is an option of featuring subscription-based crypto payments.
Charities, bloggers, and non-profit organizations can use donation widgets, buttons, and links to accept Baby Doge Coin donations.
Conclusion
Baby Doge Crypto is a cool cryptocurrency which can be quite beneficial for businesses and their clients. NOWPayments provides a variety of solutions for helping businesses to feature a BabyDoge payment gateway.