Dogecoin’s payment potential is promising due to low transaction fees and fast processing, ideal for micropayments and tipping. Supported by platforms like NOWPayments, it’s accepted by merchants like Travala and Dallas Mavericks. However, competing with PayPal is challenging—PayPal’s widespread adoption, robust security, and fiat integration overshadow Dogecoin’s volatility and limited merchant acceptance. Strategic partnerships and growing community support could enhance Dogecoin’s niche, but it’s unlikely to rival PayPal’s dominance soon.