SpaceX and Tesla CEO Elon Musk says Dogecoin will soon be accepted for merchandise at SpaceX, in the same way Tesla is accepting DOGE payments. In addition, Starlink subscriptions can also be paid with “one day” Dogecoin.
SpaceX will soon accept Dogecoin for merchandise
Dogecoin got a little boost on Friday when Tesla CEO Elon Musk announced via Twitter that SpaceX would soon be accepting the meme cryptocurrency for merchandise. SpaceX boss tweeted: “Tesla merch can be purchased with DOGE, soon SpaceX merch too.”
In addition, Musk said that SpaceX’s Starlink subscriptions could be paid for with Dogecoin “one day.” Starlink provides “high-speed, low-latency broadband Internet in remote and rural locations around the world,” its website states.
Following Musk’s tweet about SpaceX accepting Dogecoin, the price of the meme cryptocurrency soared. At the time of his tweet, DOGE was trading at $0.078399 per coin. It quickly rose over 8% to $0.084927. However, Mem Coin soon lost most of its gains and is currently trading at $0.081469.
Tesla began accepting Dogecoin payments for certain merchandise in January, and the electric car company does not currently accept any other cryptocurrencies. The company used to accept bitcoin for the products but closed due to environmental concerns. Musk said in June last year that Tesla would resume accepting BTC when miners could confirm 50% clean energy use. However, he has yet to revisit the subject.
Musk has been a supporter of Dogecoin for a long time. He is known in the crypto community as the dogfather. The Tesla boss previously revealed that he owns Bitcoin, Ether and Dogecoin. However, SpaceX only owns bitcoin. In April, Tesla’s balance sheet shows $1.26 billion in digital assets.
The head of SpaceX said in May that Dogecoin has potential as a currency while bitcoin is better suited as a store of value.
Tesla and SpaceX CEOs are currently trying to buy Twitter. However, pending details supporting this calculation are currently on hold on the deal that spam and fake accounts represent 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 membership may follow? Let us know in the comments section below.
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