Max E.Mon, Feb 14, 2022 9:44 PM
Elon Musk Hints At The Integration Of Dogecoin Into Starlink
American entrepreneur Elon Musk has hinted that his company Starlink may start accepting the popular meme-cryptocurrency Dogecoin as a payment option.
On February 13th, one of the Twitter users responded to a post by Elon Musk by asking if SpaceX and Starlink merchandise stores could accept Dogecoin as payment. The entrepreneur reacted with a winking smiley face.
Musk-owned SpaceX intends to launch over 11,000 satellites as part of the Starlink project to create a global Internet network. According to The Wall Street Journal, the company has raised $500 million in investments for the project.
Unlike other well-known cryptocurrencies, Dogecoin was initially not intended to be a serious project – the original joke was created by programmer Billy Marcus. At the end of 2013, he came up with the idea, by his own admission, only in three hours – as a parody of actively growing cryptocurrencies. The symbol of Dogecoin is a popular meme – a happy Shiba Inu dog.
Technically, Dogecoin is as simple as it gets. But after some retail chains, sports and medical organizations began to accept Dogecoin, this currency also acquired the features of a real payment instrument.
Elon Musk has a long-standing friendship with Dogecoin. Last February, Musk called Dogecoin "the people's currency." He posted a picture of himself as Rafiki from the Lion King lifting Dogecoin, referring to a popular meme of the monkey holding Simba. Another picture of the businessman showed a Falcon 9 rocket flying against the backdrop of the moon, accompanied by the caption "Doge". As a result, the value of the asset increased by more than 50%.
In May 2021, the entrepreneur announced that SpaceX would launch the Doge-1 satellite in 2022. According to him, the mission was fully paid for by the meme-cryptocurrency.
In October 2021, Musk revealed that he had bought Bitcoin, Ethereum, and Dogecoin out of curiosity. In addition, according to the entrepreneur, many Tesla and SpaceX’s employees turned out to be Dogecoin holders, which also confirmed the “people's currency” status of the altcoin in his eyes. Previously, Musk also said that Dogecoin, unlike other cryptocurrencies, has “memes and dogs'', which distinguishes this asset from others.
In December 2021, Musk announced that Tesla would allow customers to purchase some of its products with Dogecoin. “Tesla will make some of the merchandise available for purchase through Doge and see how it goes,” he said.
Musk also tried to persuade McDonald's to adopt Dogecoin at the end of January 2022, but that didn't seem to work as the fast food giant ridiculed the initiative.
Despite Musk's hints, the entrepreneur has not made any official statements regarding the integration of Starlink and Dogecoin yet. Adding a meme coin as a means of payment for Starlink products and services could greatly expand its capabilities.
At the time of writing, Dogecoin price is $0.146276, the coin is ranked 11th by its market capitalization, according to the CoinMarketCap cryptocurrency ranking.