Dogecoin has in recent months enjoyed an upward jolt fueled by news of mainstream adoption. After Tesla, yet another company helmed by self-proclaimed “Dogefather” Elon Musk could be on track to begin accepting DOGE payments.
Starlink Next To Accept Dogecoin?
It all started when a Twitter user asked whether the SpaceX store and Starlink can accept Dogecoin. Starlink, which is technically an arm of private space exploration company SpaceX, is a satellite internet project that promises to deliver high-speed broadband internet to as many people in the world as possible. Starlink has so far deployed over 2,000 working satellites into orbit following many successful launches.
Elon Musk responded to the tweet with a winky face emoji and some have interpreted this to mean Starlink is considering integrating dogecoin payments.
SpaceX could also accept Dogecoin as payment for merchandise. Notably, the aerospace company took payment in the leading meme coin for the “DOGE-1 Mission to the Moon” that is slated to launch aboard a SpaceX Falcon 9 rocket in the first quarter of 2022.
As ZyCrypto reported last year, publicly-traded EV maker Tesla began accepting bitcoin as payment for its electric cars in March. However, the company suspended the initiative barely three months in owing to concerns over the energy expenditure of mining the flagship cryptocurrency.
Being the most well-known advocate for Dogecoin, Musk announced last month that Tesla is now accepting the Shiba Inu-represented cryptocurrency as payment for some of its merchandise. The tech entrepreneur and provocateur had first revealed the plans back in December.
Musk has also recently offered to eat a kid’s meal from McDonald’s live on television if the American multinational fast food corporation adopts DOGE as an accepted form of payment. McDonald’s of course shrugged off the eccentric billionaire’s offer.
Neither Musk nor Starlink has made a definitive statement on the matter as of press time.
Meanwhile, Dogecoin is ranked as the eleventh-largest crypto asset with a market cap of $19.20 billion. It has a price tag of $0.1449 after losing 4.59 percent over the past 24 hours. Still, DOGE sits comfortably above Polkadot (DOT) and rival meme coin Shiba Inu (SHIB).