fbpx

SpaceX to accept DOGE payments for merch: Elon Musk

If everything goes according to Musk’s plans, he may eventually start accepting DOGE payments for Starlink subscriptions. Only four months after Tesla began accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk announced his intention to expand the payment option for his space exploration company, SpaceX.

Musk, the CEO of SpaceX and Tesla, has been a vocal supporter of the DOGE ecosystem since 2019 and has publicly expressed interest in accepting memecoin payments across his multibillion-dollar businesses.
Musk’s pro-DOGE tweets have historically had an immediate and positive impact on DOGE’s market prices, as investors try to capitalize on the hype.

However, amid a bearish crypto market, the recent revelation about SpaceX’s plan to accept DOGE payments for merchandise had no significant effect on the price.

DOGE gained 25% in December 2021 after Musk confirmed that Tesla will accept DOGE for merchandise. Along with similar timelines, the entrepreneur expressed his belief that DOGE is a better everyday payment option than Bitcoin (BTC).

Furthermore, according to data from Cointelegraph Markets Pro, DOGE lost over 55% of its value between May 8 and May 13, trading at $0.08077(R1.26) at the time of writing.
If everything goes as planned, Musk may eventually start accepting DOGE payments for Starlink subscriptions.

Musk recently issued a public warning about an ongoing scam in which attackers have been found to impersonate the entrepreneur and promote fabricated crypto-shilling videos using deepfake technology.

The deepfake video of Musk, which was originally shared on Twitter, promoted a scam cryptocurrency platform that promised % returns on cryptocurrency deposits.

SpaceX to accept DOGE payments for merch: Elon Musk

Nonhlanhla P Dube

Nonhlanhla P Dube is a senior news reporter at Rateweb. Nonhlanhla is a student of International Relations at the University of South Africa. She reports primarily on personal finance and economics. You can contact her directly by email at [email protected]

Scroll to top
%d bloggers like this: