After Tesla, it is the company specialized in aeronautics SpaceX which will accept the Dogecoin (DOGE) as a means of payment through its site. The announcement, made by Elon Musk via Twitter, unsurprisingly sent the memecoin price momentarily higher.
SpaceX will soon accept Dogecoin (DOGE)
The world’s richest man continues to show interest in Dogecoin (DOGE). Yesterday, Elon Musk announced that his aerospace company SpaceX would soon accept DOGE as a payment method in its online shop, following Tesla’s lead since January.
Tesla merch can be bought with Doge, soon SpaceX merch too
– Elon Musk (@elonmusk) May 27, 2022
And the possibilities of paying for things in DOGE could go even further, according to the multi-billionaire. When asked by an internet user if it will eventually be possible to pay for his Starlink subscription with memecoin, Musk replied “maybe one day”.
Unsurprisingly, as with Elon Musk’s previous statements about cryptocurrencies, the DOGE price saw a momentary rise. In the space of half an hour, the cryptocurrency saw its price rise from $0.078 to $0.09, a rise of just over 15%.
Dogecoin price on the day of May 27
The rise was very brief, however, without much surprise, as the market has been generally flat for 2 weeks now, hovering around the symbolic $30,000 mark.
By comparison, when Elon Musk announced that Tesla would accept DOGE last December, memecoin’s price rose 33%.
DOGE to the moon
Elon Musk has a rather peculiar view of DOGE, a memecoin that, as its name suggests, was originally a simple joke… that eventually spiralled out of control to the point of occupying 10th place on the cryptocurrency podium, with more than $11 billion in market capitalization.
Indeed, in a January interview with Time Magazine, the CEO of Tesla and SpaceX said that DOGE was superior to Bitcoin (BTC) because of its higher transaction rate.
It is also worth noting that after accepting Bitcoin as a payment method at Tesla, Elon Musk eventually reversed his decision, arguing that the largest cryptocurrency on the market was too energy intensive. A point that effectively goes against the ideology of the billionaire, one of whose leitmotifs is to reduce human energy consumption.
In May 2021, the self-proclaimed “Dogefather” had also declared that if Dogecoin increased its block completion speed by 10 times, increased its block size by 10 times and reduced its transaction fees by 100 times, then it would beat Bitcoin “hands down”.
It should also be remembered that SpaceX has plans to send the DOGE “to the moon” – literally – in the near future. Indeed, the aerospace company plans to send a miniature satellite into orbit to collect lunar and space data. The operation will be known as ‘DOGE-1’.
