Overview
- Thumzup said it is exploring Dogecoin as an optional payout rail in its mobile rewards app for faster, lower-cost micro-transfers.
- No rollout date was provided, with the company outlining technical validation, custody design, pilot programs, and regulatory clearance before availability.
- Thumzup reported a $2.5 million loan to DogeHash and a pending acquisition plan, alongside treasury holdings that include roughly 7.5 million DOGE and some Bitcoin.
- The firm argues DOGE’s low fees and quick settlement could improve unit economics and appeal to crypto-friendly creators, according to CEO Robert Steele.
- Markets showed mixed reactions, with DOGE seeing intraday moves and Thumzup shares finishing down more than 5% on the day, as analysts highlighted money-transmission, AML, tax, custody, fiat-conversion, and volatility risks.