SpaceX to follow along with Tesla in accepting DOGE payments for merch: Elon Musk

Just four several weeks after electric vehicl manufacturer Tesla began accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk announced his intend to extend the payment choice for his space exploration company, SpaceX. 

Musk, Chief executive officer of SpaceX and Tesla, is a staunch supporter from the DOGE ecosystem since 2019 and it has since openly revealed curiosity about accepting memecoin payments across his multibillion-dollar enterprises.

In the past, Musk’s pro-DOGE tweets have experienced an instantaneous and positive effect on DOGE’s market prices, as investors attempt to profit from the hype. However, the current thought about SpaceX’s intend to accept DOGE payments for merchandise didn’t have important effect around the cost among a bearish crypto market.

Furthermore, data from Cointelegraph Markets Pro and TradingView reveal that DOGE lost over 55% in value between May 8 and could 13, buying and selling at $.08077 during the time of writing.

Dogecoin cost 1-day chart. Source: TradingView

In December 2021, DOGE acquired 25% after Musk confirmed that Tesla will accept DOGE for merchandise. Together with similar timelines, the entrepreneur revealed his belief about DOGE as being a better everyday payment option when compared with Bitcoin (BTC).

If things exercise just like planned, Musk might eventually start allowing DOGE payments for Starlink subscriptions. 

Related: ‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam

Musk lately issued an open warning against a continuing scam in which attackers have been discovered to make use of deepfake technology to impersonate the entrepreneur and promote fabricated crypto-shilling videos.

Initially shared on Twitter, the deepfake video of Musk promoted a cryptocurrency platform boasting 30% returns on crypto deposits.

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