Elon Musk Says Spacex Will Soon Accept Dogecoin as a Commodity – Starlink Subscriptions May Follow – Altcoin Bitcoin News

SpaceX and Tesla CEO Elon Musk said that Dogecoin will soon be accepted for goods at SpaceX, just as Tesla accepts DOGE payments. Additionally, Starlink subscriptions can also be paid in Dogecoin “for a day.”

SpaceX will soon accept Dogecoin as a commodity

Dogecoin got a little boost on Friday when Tesla CEO Elon Musk announced via Twitter that Spacex would soon accept the meme cryptocurrency as a commodity. The SpaceX boss tweeted: “Tesla merchandise can be purchased with DOGE, and soon SpaceX merchandise will be available as well.”

Additionally, Musk said that SpaceX’s Starlink subscriptions may “one day” be paid for in Dogecoins. Starlink describes it on its website as “providing high-speed, low-latency broadband internet in remote and rural areas around the world.”

The price of the meme cryptocurrency surged after Musk’s tweet about Spacex accepting Dogecoin. 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 start accepting Dogecoin paid for some goods in January, and the electric car company does not currently accept other cryptocurrencies.The company had accept bitcoin for products, but stop due to environmental issues.Musk said last June that Tesla would continue to accept bitcoin When miners can confirm 50% clean energy usage. However, he has yet to reopen the topic.

Musk has long been a supporter of Dogecoin. He is known as the godfather in the crypto community. The Tesla boss previously revealed that he owns Bitcoin, Ethereum and Dogecoin. However, SpaceX only owns Bitcoin. In April, Tesla’s balance sheet showed $1.26 billion in digital assets.

The head of SpaceX said in May that Dogecoin has Potential as a currency Bitcoin is more suitable for store of value.

Tesla and SpaceX CEOs are currently trying to buy twitter. However, currently the transaction shelved Pending details to support the calculation that spam and fake accounts account for less than 5 percent of the social media platform’s users.

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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

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

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