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Monday, January 30, 2023

SpaceX to follow Tesla in accepting DOGE payments for merch: Elon Musk

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Just 4 months after EV producer Tesla started accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk introduced his plan to prolong the fee choice for his house exploration firm, SpaceX. 

Musk, the CEO of SpaceX and Tesla, has been a staunch supporter of the DOGE ecosystem since 2019 and has since publicly revealed curiosity in accepting meme coin payments throughout his multibillion-dollar enterprises.

Historically, Musk’s pro-Dogecoin tweets have had a right away and optimistic impression on DOGE’s market costs as buyers strive to money in on the hype. However, the latest revelation about SpaceX’s plan to settle for DOGE payments for merchandise had no vital impact on the value amid a bearish crypto market.

Moreover, knowledge from Cointelegraph Markets Pro and TradingView present that DOGE misplaced over 55% in worth between the eighth and twelfth of May and trades at $0.08077 on the time of writing.

Dogecoin worth 1-day chart. Source: TradingView

In December 2021, DOGE gained 25% after Musk confirmed that Tesla will accept DOGE for merchandise. Along related timelines, the entrepreneur revealed his perception about DOGE being a better everyday payment option as compared to Bitcoin (BTC).

If issues work out simply as deliberate by the world’s richest man, Musk may finally begin permitting DOGE payments for Starlink subscriptions. 

Related: ‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam

Musk lately issued a public warning in opposition to an ongoing rip-off whereby attackers have been discovered to use deepfake expertise to impersonate the entrepreneur and promote fabricated crypto-shilling movies.

Originally shared on Twitter, the deepfake video of Musk promoted a cryptocurrency platform boasting 30% returns on crypto deposits.