If everything goes according to the plans of the richest men in the world, Musk might eventually start accepting DOGE payments in exchange for Starlink subscriptions. Four months after electric vehicle manufacturer Tesla accepted Dogecoin (DOGE) to purchase merchandise, Elon Musk announced his plans to extend the payment option to SpaceX, his space exploration business.
Musk is the Chief Executive Officer of SpaceX and Tesla Musk, who is also the CEO of Tesla and SpaceX, has been a fervent advocate of the DOGE ecosystem since the beginning of 2019 and has since announced his an interest in accepting meme coin-based payments across his multibillion-dollar companies.
Historically Musk’s pro-DOGE tweets have been a positive and immediate influence on the market price of DOGE, and investors are trying to make money from the buzz.
However, the latest revelation regarding SpaceX’s plans to accept DOGE as payment for goods has not had a major impact on the price, despite an edgy crypto market. Furthermore, Data taken from Cointelegraph Markets Pro and TradingView reveal that DOGE dropped by more than 55% of its price between May 8 through May 13, and it was trading at around $0.08077 at the date of writing. On December 20, 2021, DOGE rose by 25 percent following the announcement by Musk declared the fact that Tesla would accept DOGE to purchase goods. In the same way, the entrepreneur also shared his beliefs about DOGE as an ideal payment option for everyday use compared to Bitcoin (BTC). If all goes as planned, Musk may ultimately start accepting DOGE payments for Starlink memberships.