16.5 C
Manchester
May 29, 2022
Image default
Altcoin

Elon Musk wants famous fast-food chain to accept Dogecoin

Elon Musk, “The Dogefather” challenges the fast-food giant McDonald’s to accept the Dogecoin cryptocurrency as a payment method

Elon Musk, CEO of Tesla and SpaceX, is insisting that the giant food chain accept Dogecoins as a form of payment and posted the challenge on his Twitter.

Musk began with this insistence that the fast-food chain only accepts cryptocurrency payments in El Salvador, making no exception for any other country.

Musk’s Tweet Result

The Dogefather, as Musk is called in the crypto world, promises that if McDonald’s starts taking the meme currency, he’s committed to making a happy meal on TV.

With this little buzz, Musk managed to make the price of Dogecoin go up 6% in a fraction of a minute. The crypto price has witnessed a similar mini bomb recently, shortly after Tesla announced the acceptance of Dogecoin for payments for goods.

On Twitter, cryptocurrency enthusiasts and investors wasted no time or good mood, and even the president of El Salvador joined in the fun by making a meme with one of his photos.

McDonald’s responded in twitter, acknowledging that his brand has become the hallmark of cryptocurrency market crashes.

“How are the people who manage crypto accounts on Twitter?” wrote the food chain, already involved in another conversation on Twitter, the one about DOGE payments, stimulated by Billy Markus, founder of Dogecoin.

Elon Musk and Dogecoin

Elon Musk is an outspoken supporter of the cryptocurrency, recently he even argued that he recognizes that it is not a fundamental monetary system, but it is better than other cryptos he has seen.

Musk’s idolatry is such that he believes the meme currency is ready for mass adoption, due to low transaction fees and, according to him, “having a much higher transaction volume capacity than Bitcoin.”

Dogecoin emerged through the non-profit foundation formed by members in 2014, it was relaunched last year after several years of inactivity.

Leveraging support, advocacy, trademark protection and governance for the project, the Dogecoin Foundation has been resurrected with some seasoned industry players as part of its advisory board.

The group that meets monthly to discuss Dogecoin-related issues is made up of Dogecoin founder Billy Markus, the project’s lead developer Max Keller, Ethereum founder Vitalik Buterin, and Elon Musk, represented by the head of the family office. Musk, Jared Birchall.

Late last year, the foundation revealed big plans for Dogecoin in 2022, setting the focus on utility.

Related posts

Can XRP reach $ 0.58 by the end of the year?

Anupreet Kaur

Ethereum behind 50% of all financial transactions

Anupreet Kaur

Ethereum price analysis: ETH strives to maintain $ 380 before an additional dive

Anupreet Kaur

Leave a Comment