DogeTipBot gets $445k investment, to grow audience and improve user experience

Coindesk reports that the DogeTipBot is getting a $445,000 investment, led by Australia-based Blackbird Ventures. The investment will go to improve the user experience and attract a wider audience over the next 12 months.

The announcements comes right around the time of major tipping activity in the crypto world, with some declaring November 6th as a crypto tipping holiday.

DogeTipBot allows users to express appreciation to their peers on forums like Reddit, Twitter and Twitch with dogecoins. According to founder Josh Mohland, DogeTipBot differs from other micro-transaction ideas that failed in the past because people get to use it when they want i.e. for tipping. This, as opposed to being forced to cough up a few pennies when confronted with a paywall.

Part of the development will be focused on Twitter, where there has been increased demand for the tool.

Thus far, the service has reportedly processed 650,000 transactions, with a median value of 3 cents.

Blackbird Ventures managing director Niki Scevak explained that it is not economical to use a credit card for Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term worth less than a dollar. Thus, the tool's ability to socially express appreciation, its usefulness for micropayments and the strong Dogecoin community combine to make DogeTipBot a highly successful tool.

Mohland previously said that in three months, dogecoin tipping surpassed that of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term for the past year.

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.