Doge payments for SpaceX merchandise are permitted by Elon Musk

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Last Updated on June 25, 2022 by Bitfinsider

Elon Musk, the founder of Tesla and SpaceX, has said that his latter business will now accept Dogecoin as payment for goods and other services.

Dogecoin clearly a favorite of Elon Musk

This is Musk’s second time accepting Dogecoin payments for goods associated with his companies. The South African millionaire and entrepreneur recently said that individuals who wanted to use Doge to buy caps, apparel, and other items with Tesla themes could do so. Dogecoin has always been a favorite of Musk’s, and he has even referred to it as the “people’s crypto” in the past.

Recently, Musk said: ” Tesla merch can be bought with Doge. Soon, SpaceX merch too.”

This announcement moves cryptocurrency aspirations one step closer to being realized. What many people probably overlook is that, despite the fact that bitcoin and several of its digital relatives have recently acquired speculative or even hedge-like qualities, many of them were originally intended to be used as payment mechanisms. They were designed to displace checks, credit cards, and fiat currencies, but given the volatility that keeps them from doing so, this has been a pretty gradual process.

Businesses like SpaceX are crucial because of this. They are attempting to turn digital currencies into tools that regular people can use by understanding the original goals of these currencies.

And what about Bitcoin?

Despite bitcoin holding a much higher value than Doge, Musk is obviously a greater supporter of the latter. It says a lot that he initially rejected BTC payments but is now open to allowing Doge payments.

This is not how it always was. The businessman declared that traders would be able to use bitcoin to buy Tesla cars from the start of 2021. All went well until a few weeks later when he reversed his decision, claiming he was concerned about the amount of energy required to mine cryptocurrency and its implications on the environment. The value of the currency increased, and everything appeared to be going according to plan.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: Above are some affiliate links and we may collect a share of sales or other compensation from the links on this page.
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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