Elon Musk announces that SpaceX will soon accept Dogecoin (DOGE) as payment

SpaceX will soon accept Dogecoin (DOGE)

The man the richest in the world continues to show interest in Dogecoin (DOGE). Yesterday, Elon Musk announced that its company specializing in aeronautics SpaceX would accept DOGE soon as a means of payment in your online store, like Teslawhich has been accepting since January.

And the payment possibilities for purchases at DOGE could go even further, according to the multibillionaire. When an internet user asks you if it will eventually be possible to pay for your subscription star link with memecoin, Musk responds “ Maybe one day “.

Unsurprisingly, as with Elon Musk’s previous statements about cryptocurrencies, the price of DOGE observed a momentary increase. In the space of half an hour, the cryptocurrency has seen its course go from 0.078 to 0.09 dollarsan increase of just over 15%.

Dogecoin price on May 27th

The increase, however, was very soonunsurprisingly, the market has been at a standstill for 2 weeks, hovering around $30,000 symbolic.

For comparison, when Elon Musk announced that Tesla would accept DOGE last December, the memecoin price increased 33%.

👉 Find our guide to buying Bitcoin (BTC)

Go to the moon for the DOGE

Elon Musk has a rather unique take on DOGE, memecoin which, as its name suggests, was originally a simple joke… 10th place on the podium cryptocurrencies, with over $11 billion in market capitalization.

In fact, during an interview with Time Magazine since January, the CEO of Tesla and SpaceX had said that DOGE is superior to Bitcoin (BTC) due to its higher transaction yield.

It should also be noted that after accepting Bitcoin as a means of payment at Tesla, Elon Musk finally reconsidered his decision, arguing that the most important cryptocurrency on the market was very energetic. A point effectively against the current of the billionaire’s ideology, whose leitmotiv is reduce human energy consumption.

In May 2021, the self-proclaimed ” Dogefather also stated that if Dogecoin increased its block completion speed by 10 times, increased its block size by 10 times, and reduced its transaction fees by 100 times, then he would beat bitcoin” easily ».

Let’s also remember that SpaceX planned to send the DOGE “to the moon” – in the literal sense of the term – in the near future. In fact, the aeronautical company plans to send a miniature satellite into orbit to collect lunar and space data. The operation will be called ” DOGE-1 “.

👉 Also read: Tesla believes cryptocurrency is an alternative to money

Sources: Time Magazine, TradingView DOGE/USDT

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About the author : Maximilien Prue

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Passionate about the world of decentralized finance and the news brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
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