- Elon Musk’s Boring Company now accepts Dogecoin as payment.
- Tesla already accepts DOGE for some merchandise.
Elon Musk’s underground tunneling system company, The Boring Company, has expanded its operations by launching a new perfume. Musk recently revealed in a tweet that the Company has launched an unusual product, a fragrance that smells like a candle at the dinner table. Customers could pay for the product using Musk’s favorite cryptocurrency, Dogecoin.
Higher Transaction Capacity Than Bitcoin
Elon Musk is a strong supporter of the first meme-coin, Dogecoin. He had admitted to investing some of his wealth in it over the years and had praised the token’s merits on numerous occasions. Musk stated in August that Dogecoin has a higher transaction capacity than Bitcoin. To demonstrate his point, he stated that DOGE transactions take 60 seconds to complete, whereas BTC transactions take about 10 minutes.
Musk purchased more than 70,000,000 Twitter shares earlier this year, indicating his intention to buy the social media platform for $44 billion. DOGE increased by 33% within hours, surpassing $0.15 per coin. Tesla, his electric vehicle company, already accepts DOGE for some merchandise.
Furthermore, Musk announced in May that SpaceX will follow suit, and future Starlink subscriptions may accept the meme coin. He also hinted that if his takeover bid for the social media platform is successful, Twitter will accept cryptocurrency payments.
Musk’s Tesla, and SpaceX were sued for $258 billion in June, alleging that they are engaged in a crypto pyramid scheme via dogecoin cryptocurrency. Nonetheless, Tesla CEO Elon Musk reiterated his intention to continue buying and supporting DOGE.
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