Elon Musk says Spacex will soon accept Dogecoin for merchandise – Starlink subscriptions can follow – Altcoins Bitcoin News
Spacex and Tesla CEO Elon Musk says Dogecoin will soon be accepted into Spacex for merchandise, in the same way that Tesla accepts DOGE payments. Furthermore, Starlink subscriptions can also be paid with dogecoin “one day”.
Spacex will soon accept Dogecoin for merchandise
Dogecoin got a small boost on Friday when Tesla CEO Elon Musk announced via Twitter that Spacex would soon accept meme cryptocurrency. The Spacex chief tweeted: “Tesla merchandise can be purchased from DOGE, and soon Spacex products too.”
In addition, Musk said that Starlink subscriptions to Spacex may be paid “one day” with dogecoin. Starlink provides high-speed, low-latency broadband Internet to remote and rural areas around the world, its website describes.
After Musk tweeted about Spacex accepting digital currency, the price of the meme cryptocurrency skyrocketed. At the time of his tweet, DOGE was trading at $0.078399 per coin. It quickly rose more than 8% to $0.084927. However, the meme coin quickly lost most of its gains and is currently trading at $0.081469.
Tesla began accepting dogecoin payments in January for some merchandise, and the electric car company does not currently accept any other cryptocurrencies. The company used to accept bitcoin for products but has stopped due to environmental concerns. Musk said in June of last year that Tesla would resume accepting BTC when miners could confirm 50% of their clean energy use. However, he still had to reconsider the matter.
Musk has always been supportive of Dogecoin. He is known in the crypto community as The Godfather. The Tesla CEO previously revealed that he owns Bitcoin, Ether, and Dogecoin. However, Spacex only owns Bitcoin. In April, Tesla’s balance sheet showed $1.26 billion in digital assets.
The head of SpaceX said in May that Dogecoin has potential as a currency while Bitcoin is more suitable as a store of value.
The CEO of Tesla and Spacex is currently trying to buy Twitter. However, the deal is currently on hold with pending account details that spam and fake accounts account for less than 5% of the social media platform’s users.
What do you think of Elon Musk’s announcement that Spacex will soon accept dogecoin and Starlink subscriptions? Let us know in the comments section below.
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