DOGE gains traction in Canada for online betting and money transfers

Dogecoin is seeing wider use in Canada’s online betting and digital entertainment market, where users are drawn to its fast settlement, low fees and decentralized security, Finbold reported. According to the report, Canadian users frustrated by credit card payment limits, bank transfers that can take days and high foreign-exchange fees are increasingly turning to DOGE, as deposits and withdrawals can be completed within minutes, fees are minimal and there is less risk of funds being frozen by intermediaries. Platforms including Rocketplay are also supporting adoption by offering wallet integration and instant-withdrawal guides. As demand rises, authorities in provinces including Ontario are stepping up oversight of crypto platforms, while the Bank of Canada has indicated that growing cryptocurrency demand is threatening the traditional banking system.