Just four months after electric vehicle manufacturer Tesla began accepting Dogecoin (DOGE) for the purchase of merchandise, Elon Musk announced his plan to expand payment options for his space exploration company, SpaceX.
Musk, CEO of SpaceX and Tesla, has been a strong supporter of the DOGE ecosystem since 2019 and ever since. has publicly disclosed its interest in accepting memecoin payments across all of its multi-million dollar businesses.
Tesla merch can be bought with Doge, soon SpaceX merch too
— Elon Musk (@elonmusk) May 27, 2022
Tesla merchandise can be bought with Doge, soon also that of SpaceX
Historically, Musk’s pro-DOGE tweets have had an immediate and positive impact on DOGE market prices as investors try to ride the hype. Nevertheless, Recent revelation about SpaceX plan to accept DOGE payments for merchandise had no significant effect on price amid crypto bear market.
Furthermore, data from Cointelegraph Markets Pro and TradingView shows that DOGE lost more than 55% of its value between May 8 and May 13, trading at $0.08077 at the time of writing this article.
In December 2021, DOGE gained 25% after Musk confirmed that Tesla will accept DOGE for its merchandise. Along with similar timeframes, the entrepreneur revealed his belief that DOGE is a better daily payment option compared to bitcoin (BTC).
maybe one day
— Elon Musk (@elonmusk) May 27, 2022
Maybe one day
If things work out as planned, Musk could eventually start allowing DOGE payments for Starlink subscriptions.
Musk recently issued a public warning against an ongoing scam in which attackers have been found to be using deepfake technology to impersonate the businessman and promote crypto-shilling videos manufactured.
Yikes. Def not me.
— Elon Musk (@elonmusk) May 25, 2022
Oh. It’s definitely not me.
Originally shared on Twitter, Musk’s deepfake video promoted a cryptocurrency platform that boasted a 30% return on crypto deposits.
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