GoCoin CEO Steve Beauregard: We Can Accommodate More Coins

Last week, back in January. At the time, we were curious if GoCoin had any more coins up their sleeve, to which CEO Steve Beauregard responded that "By design our system will be able to accommodate any and all alt-coins...our team continually analyzes the market and will accept coins once they meet our criteria." In terms of selection criteria, it's "all a matter market Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and demand of merchants."

Apparently, Dogecoin has done quite well in this regard since then. The cryptocurrency has exploded in value, gaining 450% to date and as much as 1000% at its peak. It climbed its way up in market cap ranking, at one point among mineable Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. Just yesterday, were launched in Mexico capable of supporting Dogecoin. It has also been added to several exchanges, including BTC38 and .

On Dogecoin, Beauregard said:

"We've been carefully prioritising the latest alt-coins, and dogecoin really stands out as a viable currency due, in large part, to the strength of its community. By integrating dogecoin into our platform, GoCoin is one step closer to giving merchants the ability to accept any digital currency and increase sales with new shoppers."

DC Magnates connected with Beauregard on his outlook for digital currency and for expanding GoCoin's offering to other coins. He reiterated the company's openness to multiple coins and fiat, and even some prototypes for currencies of the future:

"GoCoin is currency agnostic and have designed our systems in such a manner. Our systems treat USD, Euro, Bitcoin, Yen, Litecoin, Pounds and Dogecoin each as a unique currency. In this way we will be able to accommodate gov't issued coins like Auroracoin or MintChip etc alongside decentralized coins."

As to GoCoin's outlook on digital currency and if they are maintaining exposure to it through their operations, such as Overstock.com has opted for, Beauregard replied, "I'm personally long on Bitcoin, but as for GoCoin, absent a derivatives market, we must mitigate our risk to avoid downside exposure."