Elon Musk, the CEO of SpaceX and Tesla, has stated that dogecoin will soon be accepted at Spacex for merchandise in the same way that Tesla accepts DOGE payments. Subscriptions to Starlink can also be paid with dogecoin “one day.”
Tesla CEO Elon Musk announced via Twitter on Friday that Spacex will soon accept Dogecoin for merchandise, giving the meme cryptocurrency a boost. “Tesla merch can be bought with DOGE, soon Spacex merch too,” the Spacex CEO tweeted.
Furthermore, Musk stated that subscriptions to SpaceX’s Starlink service may “one day” be paid with dogecoin. According to its website, Starlink provides “high-speed, low-latency broadband internet in remote and rural locations around the world.”
Following Musk’s tweet about Spacex accepting dogecoin, the price of the meme cryptocurrency spiked. 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 soon lost most of its gains and is currently trading at $0.081469.
Tesla began accepting dogecoin payments in January for some merchandise, and the electric car company currently accepts no other cryptocurrencies. The company used to accept bitcoin for products but stopped due to environmental concerns. Miners can confirm 50% clean energy usage. However, he has yet to revisit the subject.