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

Just four months away from the EV maker Tesla starts accepting Dogecoin (Governor) to buy goods, Elon Musk Announced his plans to extend payment options for his space exploration company SpaceX.

Musk, the CEO of SpaceX and Tesla, has been a staunch supporter of the plan. DOGE Ecosystem Since 2019, he has publicly expressed interest in accepting meme tokens for payments in his multi-billion dollar venture.

Historically, Musk’s tweets in favor of Dogecoin have had a direct and positive impact on DOGE’s market price as investors try to cash in on the hype. However, recent news about SpaceX’s plans to accept payments for DOGE merchandise has not had a significant impact on prices in a bearish cryptocurrency market.

Additionally, data from Cointelegraph Market Pro and Transaction view It is shown that DOGE lost more than 55% of its value between May 8 and 12, trading at $0.08077 at the time of writing.

Dogecoin price 1-day chart. Source: TradingView

DOGE up 25% in December 2021 Musk Confirms Tesla Will Accept DOGE for the commodity.Along a similar timeline, the entrepreneur revealed his DOGE is a better everyday payment option than Bitcoin (bitcoin).

If things go according to the plans of the world’s richest man, Musk may eventually start allowing DOGE to pay for Starlink subscriptions.

related: “Oops!” Elon Musk warns users against the latest deepfake crypto scam

Musk recently issued a public warning against an ongoing scam in which attackers were found to be using deepfake techniques to impersonate entrepreneurs and promote fabricated videos of encrypted shillings.

Originally shared on Twitter, Musk’s deepfake video advertises a cryptocurrency platform with a 30% return on crypto deposits.