Custom PC builder embraces the virtual coin movement
Back in January of this year, Xidax became the first system builder to add Bitcoin to its list of payment methods. Apparently happy with the way things have been going, the boutique builder is claiming another first in the virtual coin community by accepting Dogecoin, which is similar to Litecoin in that it can be mined much quicker than Bitcoins. Dogecoin is arguably the hottest virtual currency at the moment.
It doesn't necessarily take a powerhouse PC to mine Dogecoins. The cryptocurrency is about three and a half months old and has become a popular tipping currency on the Internet. By the end of 2014, it's expected there will be around 100 billion Dogecoins in circulation, with over 5 billion more added each year thereafter.
Though it's popular for tipping, Dogecoin is gaining traction among the competition and is being used for bigger, more expensive things. Reddit recently raised $55,000 in Dogecoin to sponsor Josh Wise, an up-and-coming NASCAR driver, and earlier this month a man listed his home for sale for 100 million Dogecoins, which would be worth about $135,000.
Xidax's decision to accept Dogecoin is another stepping stone in becoming more than just a tipping currency.
"The Dogecoin community is awesome. We've been approached by many customers who were excited to see us become the first custom PC builder to accept Bitcoin, but wanted to see us take it a step further," said Zack Shutt, Executive Vice President at Xidax PC. "What's important is listening to our customers, and that's why accepting Dogecoin was a no brainer for us."