Why Elon Musk’s SpaceX Could be Testing Dogecoin Payment Options

Musk’s Dog(e) Love

Notably, American electric vehicle company Tesla, allowed its customers to buy merchandise with Dogecoin in January this year. Interestingly, the payment option was discovered as a ‘hidden feature’ on the company’s official website a few days prior to the official announcement. 

However, Tesla still doesn’t accept any crypto payments for vehicles after Musk withdrew his support for Bitcoin last year in May over the currency’s negative environmental impact.

Musk’s love for Dogecoin has often been witnessed by Twitter users and occasional Tweets about the meme-coin have aided short-term DOGE rallies too.

The tech tycoon’s influence on the market goes to the extent that meme tokens like Floki Inu, named after Elon Musk’s Shiba Inu dog have also gained considerable social attention. 

Nonetheless, the top meme token still remains Dogecoin, even though Shiba Inu has occasionally managed to surpass DOGE’s market cap. Notably, SpaceX was the first Elon Musk company to accept Dogecoin, but it was a one-off payment for a yet-to-be-launched lunar payload called ‘DOGE-1 Mission to the Moon.’

For now, while SpaceX could accept Dogecoin payments with the help of Shopify, it remains to be seen whether it will have a custom implementation. At press time, DOGE traded at $0.1446 noting 1.96% daily and 7.99% weekly losses.