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It is no surprise that Tesla CEO Elon Musk has been in favor of the top meme coin, DOGE. Musk has reportedly taken his support one step further by requesting McDonald’s to accept Dogecoin as a payment method.
The co-creator of Dogecoin, Billy Markus, was also seen to support Elon Musk on his request to the fast-food giant.
The news came shortly after the crypto market saw a sell-off that resulted in a loss of around $600 billion in value. This not only affected DOGE, causing it to lose approximately 25% of its value but also hit the largest crypto asset Bitcoin.
Despite the current price movements seen for digital currencies in the market, many entities seem to be well aware of the significance of crypto assets. Therefore, if you also want to know how to buy crypto then make sure you choose one of the best exchanges.
On the other hand, if you are looking to margin trade BTC or ETH with up to 100x sign-up on Bybit today. You can also use this link to claim a bonus on your first deposit.
How Has McDonald’s Responded to Musk’s Request?
It was recently reported that Elon Musk’s company, the electric car manufacturer Tesla, will be accepting Dogecoin as a payment method for some of its products such as:
- Giga Texas
- Cyberquad
- Cyberwhistle
- Belt buckle
These products are all priced in Dogecoin and range from 300 to 12,020 coins. There is a Dogecoin support page by Tesla with details about using the meme crypto asset as a payment method for the above-mentioned products.
After offering support to DOGE payments for his products, he has now requested one of the largest fast-food chains to accept it as well and tweeted:
The co-founder of Dogecoin, Billy Markus, supported Musk’s tweet and posted a tweet himself that stated:
The food chain giant, McDonald’s did not respond to the tweets for a few hours. However, the response did come in through Twitter but has reportedly not made the crypto community happy.
As seen on Twitter, McDonald’s did not accept Musk’s offer and made an offer of its own as seen in the tweet below.
Up till now, the Grimacecoin was just a made-up digital asset that was based on a purple creature that appeared in McDonald’s commercials. However, soon after this tweet was shared, someone did create Grimacecoin as an actual token on Binance Smart Chain. It pumped a high percentage for a short while as well.
A large audience in the crypto space that supports Dogecoin was unsatisfied with the response and has seen this as a great opportunity missed by one of the world’s most prominent food chains.
What Should you Invest in?
There is a multitude of digital assets in the market, out of which, some of the most prominent are:
- Bitcoin
- Ethereum
- Dogecoin
- Solana
- ADA
The prices of all these digital assets fluctuate from time to time and their utilities vary to some extent as well. Therefore, the cryptocurrency you choose to invest in is a matter of personal preference. However, choosing the best crypto exchanges is essential, no matter the digital currency you choose to buy.
If you are looking to invest in crypto assets such as Bitcoin and Ethereum then you can click on SwissBorg or Kraken (U.S. citizens).
[kraken]
