Digital currency Dogecoin growing in popularity

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WEST LAFAYETTE, Ind. (WLFI) – While not accepted at a big box store or large retailers just yet, some people are buying and selling with something other than dollars and cents.

Dogecoin is one of many emerging digital currencies on the web. Users earn doges through signing up for a digging account and tipping, a more generous way of liking people’s content on the web sites like Reddit and Twitter. Users can also purchase doges, which are currently valued at just under $1 per doge, in U.S. currency.

West Lafayette resident Vu Tran has invested his own funds into the currency. He says a huge draw of the currency is the ability for users to transact and transfer it automatically online. He and many other investors believe digital currency is part of the evolution of money.

“We think this can significantly improve your life down the road. Just as how email improved your life. Rather than waiting five days to receive a letter you can get email in five, ten seconds, ” said Tran.

Tran said some small businesses are beginning to accept the currency because there is no transaction fee unlike banks and credit cards.

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