Elon Musk says Spacex will soon accept Dogecoin for merchandise — Starlink subscriptions can follow

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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” using 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 cryp­to-meme 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 Accep­tance start­ed Doge­coin paid out 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 I stopped due to envi­ron­men­tal con­cerns. Musk said in June of last year that Tes­la would do so Resume admis­sion BTC When min­ers can con­firm 50% 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. but, Spacex only owns Bit­coin. In April, Tesla’s bal­ance sheet appears $1.26 bil­lion in dig­i­tal assets.

The head of SpaceX said in May that Doge­coin has as cur­ren­cy Where­as Bit­coin is best suit­ed as a file store of val­ue.

The CEO of Tes­la and Spacex is cur­rent­ly try­ing Twit­ter buy. How­ev­er, the deal is cur­rent­ly Put it on hold Pend­ing details sup­port­ing the account that fake and spam 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.

Kevin Helms

Kevin, an Aus­tri­an eco­nom­ics stu­dent, found Bit­coin in 2011 and has been a mis­sion­ary ever since. His inter­ests lie in Bit­coin secu­ri­ty, open source sys­tems, net­work effects, and the inter­sec­tion between eco­nom­ics and cryptography.

pho­to cred­its: Shut­ter­stock, Pix­abay, Wikicommons

dis­claimer: This arti­cle is for infor­ma­tion­al pur­pos­es only. It is not a direct offer or solic­i­ta­tion of an offer to buy or sell, or a rec­om­men­da­tion or endorse­ment of any prod­ucts, ser­vices or com­pa­nies. Bitcoin.com It does not pro­vide invest­ment, tax, legal or account­ing advice. Nei­ther the Com­pa­ny nor the author shall be liable, direct­ly or indi­rect­ly, for any dam­age or loss caused or alleged to be caused by or in con­nec­tion with the use of or reliance on any con­tent, goods or ser­vices men­tioned in this article.

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