House of Doge has initiated a reserve of 10 million Dogecoin (DOGE), valued at approximately $1.83 million, to support the cryptocurrency's use as a payment method for businesses and consumers globally. This reserve aims to create a liquidity pool, enabling smoother transaction processes for global merchants. According to Michael Galloro, a member of the board-elect for House of Doge, the initiative is designed to enhance the practicality of Dogecoin for everyday purchases by addressing blockchain transaction processing times, which have limited its adoption. The organization plans to roll out reward programs and merchant incentives for those utilizing DOGE in transactions, with news of their first strategic partnership expected soon. Despite a recent 7% increase in DOGE's price, it remains down approximately 25% over the month amid a general market decline.

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