Elon Musk, the CEO of SpaceX, has stated that the company will soon accept Dogecoin as a means of payment. Musk's previous comments had caused the famous meme coin to skyrocket in value in a short amount of time on other occasions. This time, Bitcoin jumped over 15% when the news came, but it quickly gave back the majority of its gains.

The self-proclaimed Dogefather doubled back on his conviction in the parody coin, declaring on Twitter that SpaceX, another enterprise he helmed as CEO, will soon accept Dogecoin as a payment option.

He tweeted:
<blockquote>“Tesla merch can be bought with Doge, soon SpaceX merch too.” </blockquote>
Musk, on the other hand, did not say when the payment option will be available to the general public.
<blockquote>"Maybe one day," Musk said when asked if SpaceX will allow consumers to pay for Starlink internet connections using Dogecoin.</blockquote>
Last May, SpaceX accepted Dogecoin as full payment for the "DOGE-1 Mission to the Moon," a lunar mission.
<blockquote>Musk noted that “Dogecoin would become the first cryptocurrency in space.”</blockquote>
As of this writing, the largest meme coin by market cap is trading slightly below $0.08, with the news's initial gains mostly wiped out.

Dogecoin Spiked 15% as Elon Musk Says SpaceX Will Soon Accept it for Merch Payments

The self-proclaimed Dogefather doubled back on his conviction in the parody coin, declaring on Twitter that SpaceX, another enterprise he helmed as CEO, will soon accept Dogecoin as a payment option.

Prabhjeet Bhatla is a cryptocurrency writer covering startups and a researcher since 2020. She has authored many articles for Entrepreneur India and APAC (digital and print) on cryptocurrency and ever-evolving Blockchain, the technology behind Bitcoin, and other cryptocurrencies. She specializes in applied cryptography, privacy-enhanced information storage systems, anonymous cryptocurrencies, elliptic curve crypto-systems, and satellite television piracy.

Dogecoin Spiked 15% as Elon Musk Says SpaceX Will Soon Accept it for Merch Payments

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