USA News Group – Demand for cryptocurrency is on the rise, and now efforts both good and bad are being made for people to get their hands on digital money for their own. A new collaborative effort recently formed between Microsoft Corporation (NASDAQ: MSFT) and Intel Corporation (NASDAQ: INTC) is being rolled out to detect cryptocurrency mining malware on the equipment of those who aren’t aware. But for those who are aware, and want to get their own cryptocurrency assets, gaining access to the mining process is quickly becoming easier, through even livestreaming platforms such as Hello Pal International Inc. (CSE: HP) (OTCQB: HLLPF), or dedicated miners such as Riot Blockchain (NASDAQ: RIOT) or HIVE Blockchain Technologies (OTCQX: HVBTF) (TSXV: HIVE).
It’s no wonder that interest in digital coins is high. “Demand on the crypto side has been multiple-fold to what we initially expected. There’s a lot of excitement,” said PayPal president and CEO Dan Schulman in an interview with Time magazine.
While Bitcoin (BTC) still leads the way as the biggest player in the game, the market has also seen a steep rise in interest for Dogecoin (DOGE), which surprised many by breaking out from being simply a “meme currency” and surging 400% to a combined value worth $40 billion.
The timing for the rise of DOGE interest couldn’t have been better for social media streaming platform Hello Pal International Inc. (CSE: HP) (OTC: HLLPF). Thanks to a newly signed agreement to access 12,500 mining rigs dedicated to mining both DOGE and Litecoin (LTC), users of the popular platform can now take on a significant part of the DOGE/LTC mining action. These Mining Assets deliver a combined hash rate of 6.25 TH/s—amounting to 2.1% of the entire current LTC network hash rate.
It was a recent as February 2021 that a new chip was developed and announced to be capable of mining both Litecoin and Dogecoin simultaneously.
“We are excited to expand our crypto strategy to also include Dogecoin and Litecoin, which we believe will play an increasingly important role in the cryptocurrency world going forward,” said Hello Pal’s Founder and Chairman, KL Wong. “The Hello Pal community, especially what we envision for it to become, is a natural fit with the Dogecoin/Litecoin community, and this deal allows us to become a key player in it.”
The public reaction Hello Pal’s involvement in the Dogecoin movement, resulted in an unprecedented surge in traffic of over 1000% to the official company website causing a website server overload and a temporary outage.
“The sharp increase in activity on our website and the Hello Pal app validates the clear position we have taken on Dogecoin as well as on cryptocurrency in general,” added Wong. “We’re ecstatic that our choice of cryptocurrencies to mine seems to have been validated especially by the recent incredible surge in market interest and activity of Dogecoin. As far as we are aware, upon completion of this transaction, we shall be the only publicly listed company with primary exposure to Dogecoin.”