Central bank representatives have stated that the adoption of crypto-currencies such as bitcoin pose a significant challenge to central banks' ability to influence the price of credit for the whole economy. They have also stated that as trade using crypto-currencies become more popular, there is bound to be a loss of consumer confidence in fiat currencies. Gareth Murphy, a senior central banking officer has stated "widespread use [of crypto-currency] would also make it more difficult for statistical agencies to gather data on economic activity, which are used by governments to steer the economy". He cautioned that virtual currencies pose a new challenge to central banks' control over the important functions of monetary and exchange rate policy.
Jordan Kelley, founder of Robo-coin, launched the first bitcoin ATM in the United States on February 20, 2014. The kiosk installed in Austin, Texas is similar to bank ATM's but has scanners to read government-issued identification such as a driver's license or a passport to confirm users' identities.
The Doge-coin Foundation, a charitable organization centered around Doge-coin and co-founded by Doge-coin co-creator Jackson Palmer, donated more than $30,000 worth of Doge-coin to help fund the Jamaican bobsled team's trip to the 2014 Olympic games in Sochi, Russia. The growing community around Doge-coin is looking to cement its charitable credentials by raising funds to sponsor service dogs for children with special needs.
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