Tesla CEO Elon Musk has signaled that he might accept Dogecoin “at some point.” This is considered an important step in making cryptocurrencies mainstream. In this news, we will examine the potential effects of this development within the framework of Tesla’s possibility of accepting Dogecoin, Elon Musk’s perspective on cryptocurrencies, and the “everything app” vision of the X app (formerly Twitter).
Elon Musk came to the fore with his new statements
Tesla CEO Elon Musk hinted that the electric car maker may accept Dogecoin (DOGE) as an official payment method “at some point.” On March 13, while Musk was interacting with the public at the Berlin Gigafactory, one of Tesla’s manufacturing facilities, an audience member asked if Tesla could be purchased using DOGE in the near future. Musk answered the question positively:
I think we should enable this at some point.
DOGE price increased
Musk’s answer created excitement among investors and the market price of the token rose suddenly. As the video became popular on the
Musk said fans can still buy Tesla products using DOGE and continued his support for the altcoin by repeating the phrase “Dogecoin is going to the moon.” Musk first started supporting DOGE after Tesla Gigafactory employees asked the CEO to support Dogecoin as the official payment method. At SpaceX, visitors also asked him to support Dogecoin, and as a result, Musk accepted the request, saying, “Dogecoin is the people’s crypto, so I will support it.”
Bitcoin receives support from many people
According to Musk, Bitcoin (BTC) has received support from many rich people and he expressed that he wants to support a cryptocurrency preferred by the general public. cryptokoin.com As we reported, Tesla started accepting payment with Dogecoin for the purchase of company products as of January 14, 2022. The company stated at the time that it only supported Dogecoin payments and that “other non-Dogecoin crypto assets sent to Tesla will not be returned to the recipient.”
Musk’s “everything app” X (formerly Twitter) recently created an ‘XPayments’ account for its upcoming payments feature. This has led to speculation in the crypto community as to whether cryptocurrencies will be included in the app. App X is expected to offer in-app payment services by mid-2024. However, it remains to be seen whether the feature will support payments beyond traditional fiat currencies or fulfill Musk’s fans’ dream of mainstreaming Dogecoin.
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