SpaceX to follow Tesla in accepting DOGE payments for merch
If things work out just as planned by one of the world's richest men, Musk might eventually start allowing DOGE payments for Starlink subscriptions.
Just four months after electric vehicle manufacturer Tesla started accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk announced his plan to extend the payment option for his space exploration company SpaceX.
Alon Musk, CEO of SpaceX and Tesla has been a staunch supporter of the DOGE ecosystem since 2019 and has since publicly revealed interest in accepting meme coin payments across his multibillion-dollar enterprises.
Tesla merch can be bought with Doge, soon SpaceX merch too— Elon Musk (@elonmusk) May 27, 2022
Musk's pro=DOGE tweets have had an immediate and positive impact on DOGE's market prices, as investors try to cash in on the hype. the recent revelation about SpaceX's plan to accept DOGE payments for merchandise had no significant effect on the price amid a bearish crypto market.
DOGE lost approx 55% between May 8 and May 13, trading at $0.08077 at that time.
In December 2021, DOGE gained 25% after Alon Musk confirmed that Tesla will accept DOGE for merchandise. Along with similar timelines, the entrepreneur revealed his belief about DOGE being a better everyday payment option as compared to Bitcoin (BTC).
Will we also be able to pay our Starlink subscriptions via Doge, too Elon?— Elonoshi Muskamoto (@occupymars42069) May 27, 2022
Musk may eventually start allowing DOGE payments for Starlink subscriptions.
Alon Musk recently issued a public warning against an ongoing scam wherein attackers have been found to use deep take technology to impersonate the entrepreneur and promote fabricated crypto-shilling videos.
Elon Musk's deep fake video promoting a new cryptocurrency scam going viral. The video claims that the trading platform is owned by Elon Musk, and offers 30% returns on crypto deposits. @elonmusk pic.twitter.com/iJeUvHYc5p— DogeDesigner (@cb_doge) May 24, 2022
The deep fake video of Musk promoted a cryptocurrency platform boasting 30% returns on crypto deposits.