Elon Musk Says Spacex Will Soon Accept Dogecoin For Merchandise – Starlink Subscriptions May Follow CryptoBlog

Spacex and Tesla CEO Elon Musk said dogecoin will soon be accepted at Spacex for merchandise, similar to how Tesla accepts DOGE payments. Additionally, Starlink subscriptions can also be paid for with dogecoin “one day”.

Spacex will soon accept Dogecoin for merchandise

Dogecoin received a small boost on Friday when Tesla CEO Elon Musk announced via Twitter that Spacex would soon accept the same cryptocurrency for goods. The Spacex boss tweeted: “Tesla merch can be purchased with DOGE, soon Spacex merch too.”

Additionally, Musk said Spacex’s Starlink subscriptions could “one day” be paid for in dogecoin. Starlink provides “high-speed, low-latency internet in remote and rural locations around the world,” its website describes.

Following Musk’s tweet about Spacex accepting dogecoin, the price of the same cryptocurrency skyrocketed. 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 quickly lost most of its gains and is currently trading at $0.081469.

Tesla began accepting payments in dogecoin in January for certain merchandise, and the electric car company does not currently accept any other cryptocurrency. The company used to accept bitcoin for products, but stopped due to environmental concerns. Musk said in June last year that Tesla would start accepting BTC again when miners can confirm 50% clean energy consumption. However, he still has to come back to the subject.

Musk has long been a supporter of dogecoin. He is known in the crypto community as Dogefather. The Tesla boss previously revealed that he owns bitcoin, ether and dogecoin. However, Spacex only owns bitcoins. In April, Tesla’s balance sheet showed $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 CEO of Tesla and Spacex is currently trying to buy Twitter. However, the deal is currently on hold pending details supporting the calculation that spam and fake accounts account for less than 5% of the social media platform’s users.

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What do you think of Elon Musk’s announcement that Spacex will soon accept dogecoins and Starlink subscriptions may follow? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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