Musk may eventually allow DOGE payments to Starlink subscribers if things go according to plan by one of the richest men in the world.
Four months after electric vehicle manufacturer Tesla began accepting Dogecoin DOGE for merchandise purchase, Elon Musk announced that he would extend the payment option for SpaceX, his space exploration company.
Musk, the CEO of SpaceX, Tesla and other companies, has been a strong supporter of DOGE ecosystem ever since 2019. He has publicly expressed interest in receiving memecoin payments to his multibillion-dollar businesses.
As investors seek to capitalize on the hype, Musk’s pro DOGE tweets have historically had an immediate and positive effect on DOGE market prices. The recent announcement about SpaceX’s plans to accept DOGE payment for merchandise did not have a significant impact on the price in a bearish cryptomarket.
Additionally, TradingView and Cointelegraph Markets Pro data show that DOGE lost more than 55% between May 8th and May 13th. The price of DOGE was $0.08077 as of the time this article was written.
DOGE gained 25% in December 2021 after Musk announced that Tesla would accept DOGE to purchase merchandise. The entrepreneur also shared similar timelines and stated his belief that DOGE is a better option for everyday payments than Bitcoin ( BTC).
Musk may eventually allow DOGE payments to Starlink subscribers if things go according to plan.
Musk issued a warning about a scam in which attackers used deepfake technology and impersonated him to promote fake crypto-shilling videos.
Musk shared the original deepfake video on Twitter. It promoted a cryptocurrency platform that promised 30% returns on deposits.
