Fun

Elon Musk Says Spacex Will Soon Accept Dogecoin for Merchandise — Starlink Subscriptions Could Follow

News Feed - 2022-05-28 11:05:05

Elon Musk Says Spacex Will Soon Accept Dogecoin for Merchandise — Starlink Subscriptions Could Follow


Spacex and Tesla CEO Elon Musk says that dogecoin will soon be accepted at Spacex for merchandise, in the same way Tesla is accepting DOGE payments. Furthermore, Starlink subscriptions may also be paid with dogecoin “one day.” Spacex to Soon Accept Dogecoin for Merchandise


Dogecoin got a little boost Friday when Tesla CEO Elon Musk announced via Twitter that Spacex will soon accept the meme cryptocurrency for merchandise. The Spacex boss tweeted: “Tesla merch can be bought with DOGE, soon Spacex merch too.”


In addition, Musk said that Spacex’s Starlink subscriptions may “one day” be paid with dogecoin. Starlink provides “High-speed, low-latency broadband internet in remote and rural locations across the globe,” its website describes.




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. Musk said in June last year that Tesla will resume accepting BTC when miners can confirm 50% clean energy usage. However, he has yet to revisit the subject.


Musk has long been a supporter of dogecoin. He is known in the crypto community as the Dogefather. The Tesla boss previously revealed that he owns bitcoin, ether, and dogecoin. However, Spacex only owns bitcoin. In April, Tesla’s balance sheet shows $1.26 billion in digital assets.


The Spacex chief said in May that dogecoin has potential as a currency while bitcoin is better suited as a store of value.


The Tesla and Spacex CEO is currently trying to buy Twitter. However, the deal is currently put on hold pending details supporting the calculation that spam and fake accounts represent less than 5% of the social media platform’s users. Tags in this story Doge, dogecoin, elon musk doge, elon musk dogecoin, spacex accepts doge, spacex bitcoin, spacex crypto, spacex cryptocurrency, spacex doge, spacex dogecoin, starlink doge, starlink dogecoin


What do you think about Elon Musk’s announcement that Spacex will soon accept dogecoin and Starlink subscriptions could follow? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Tether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks ALTCOINS | 9 hours ago Tether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and Polygon ALTCOINS | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleSenators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ Next articleLatam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike

News Feed

Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia
Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia Germany’s second-largest stock exchange and a major financial services group in Japan have par
Rick Porter4 hours agoBuckle up, Reddit: Closed APIs cost more than you’d expectOpen APIs are vital for healthy communities on social platforms. With Web2 companies beginning to reject that principle, Web3 could be poi
Bitcoin, Ethereum Technical Analysis: BTC Below $20,000, ETH Slips Under $1,000
Bitcoin, Ethereum Technical Analysis: BTC Below $20,000, ETH Slips Under $1,000 Bitcoin fell below $20,000 on Saturday, as the sell-off in cryptocurrency markets continued to start
Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US
Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US The pro-bitcoin U.S. Senator Cynthia Lummis has reportedly unveiled her plan to introduce a comprehensive crypto bi
Technical Analysis: IOTX Captures the Biggest Gains, as Crypto Markets Fall on Friday
Technical Analysis: IOTX Captures the Biggest Gains, as Crypto Markets Fall on Friday IOTX was Friday’s big gainer, as crypto markets were lower across the board to end the
David Attlee6 minutes agoSpanish regulators set precedent with crypto ad violations caseThe National Securities Market Commission accuses Miolos of non-compliance with the cryptocurrency regulations established by the CN
Bitcoin repeats '2016 history perfectly' amid $350K price prediction — Traders
Ciaran Lyons6 hours agoBitcoin repeats "2016 history perfectly" amid $350K price prediction — TradersBitcoin"s price chart is resembling that of just weeks after the 2016 halving as it hovers around a local bottom, acc
Clicker games and more: 6 projects growing on TON blockchain
Elena Perez2 hours agoClicker games and more: 6 projects growing on TON blockchainThe TON ecosystem has seen a significant influx of new users amid promising new projects appearing on the blockchain.580 Total views2 Tota
Binance exec legal battle escalates amid US-Nigeria tug of war
Amaka Nwaokocha1 hour agoBinance exec legal battle escalates amid US-Nigeria tug of warIn a statement to the press, Gambaryan’s wife expressed her confusion about why the Economic and Financial Crimes Commission will n
Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers
Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers A U.S. court in Seattle has sentenced a former Microsoft engin
Kripto Terbaik untuk Dibeli Sekarang: 5 Token Siap Meledak 100x?
Pasar kripto di awal tahun 2025 mengalami awal yang lambat, dengan Bitcoin jatuh di bawah $100k dan altcoin mengikuti tren penurunan. Namun, para analis memprediksi bahwa tahun ini
AI safety researchers leave OpenAI over prioritization concerns
Amaka Nwaokocha12 hours agoAI safety researchers leave OpenAI over prioritization concernsFollowing the recent resignations, OpenAI has opted to dissolve its “Superalignment” team and integrate its functions into oth