Elon Musk’s interest in Dogecoin (DOGE) needs no introduction. The self-proclaimed ‘DogeFather’ has hinted at yet another collaboration, this time with his satellite internet venture, Starlink.
Will Starlink Accept Dogecoin For Merch
The business magnate responded with a wink emoji when a Twitter user proposed an idea of SpaceX merch store and Starlink accepting the largest memecoin. Sharing the exchange on the micro-blogging website, Dogecoin co-founder Billy Markus tweeted that he wants to buy a model rocket with dog money.
For the uninitiated, Starlink is the satellite network developed by the private aerospace company SpaceX. It offers cost-efficient low-cost, high-speed broadband internet connections to remote locations.
The recent development comes hours after Musk posted a cryptic reply with “sweat droplets” emoji to McDonald’s new teaser. Despite the common assumption of adding Dogecoin payments, the fast-food giant’s tweet was directed to a Super Bowl advertisement featuring rapper Kanye West. This was not what the Dogecoin community was expecting, but the memecoin noted a minor surge before stabilizing near $0.145.
Dogecoin – Musk’s Favorite Cryptocurrency
In January, Tesla announced enabling the purchase of select items of merchandise using Dogecoin for its customers. The company mentioned that users wanting to opt for the memcoin option would have to have such a wallet to transfer funds using an alphanumeric code or a QR code once connected.
CryptoPotato reported that DOGE raked in over 20% gains shortly after the announcement. Tesla’s plan on accepting DOGE was first revealed by Musk on Twitter on December 14th when he stated that the company was keen on exploring the cryptocurrency payment option.
The centi-billionaire also said that Dogecoin is his favorite cryptocurrency. However, despite repeated tweets about the ecosystem’s development, it is still unclear if or when Tesla might start accepting payment for its vehicles in Dogecoin.
One of Musk’s ventures – SpaceX – started accepting DOGE in May last year. The ‘DOGE-1 Mission to the Moon,’ expected to launch this quarter, will be a Dogecoin-funded mission. According to the vice president of commercial sales, Tom Ochinero, the DOGE-1 is expected to show “the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.”