On May 27, Elon Musk revealed that SpaceX will accept Dogecoin. In January, Tesla started supporting DOGE as a means of payments for certain products.
Related: Dogecoin Price Gains 30% After Elon Musk Says He Buys Twitter
A user asked whether they will be able to pay for Starlink subscriptions via the meme coin in the future. Replying to the question, Musk said one day it’s possible.
Tesla merch can be bought with Doge, soon SpaceX merch too
— Elon Musk (@elonmusk) May 27, 2022
Currently, the Dogecoin price is around $0.08. Its market cap stands at above $11 billion. It is the largest meme coin and the 10th largest cryptocurrency in general.
Elon Musk talked about Dogecoin and cryptos before. He said in March that he owns Bitcoin, Eth, and DOGE adding that he wouldn't sell the cryptos.
Tesla CEO finds it's better to own assets like a home or stock in companies that make new good products than dollars at the times of high inflation.
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Currently, the total crypto market cap stands at about $1.2 trillion. Bitcoin trades at $30,500 and Ether at $1,900.