Dogecoin (DOGE) proponents are unanimous in their support for allowing the meme currency to be used in additional contexts. During a recent conversation between Elon Musk and Billy Markus, this was made quite clear.
According to Dogecoin creator Billy Markus, there are three crucial characteristics that will make the currency more useful in the future. A Dogecoin-to-Ethereum bridge is one example of a company accepting DOGE, as well as employing doge as tip money.
For starters, more people will be using DOGE as money, the second will be enjoyable, and the third will enable it to be utilised on Web 3.
As long as people are making an effort to make good use of and have a good time using doge, I think it’s worth it.” My preference for doge is for it to be more than simply a speculative tool in crypto.” Speaking for himself, Markus said.
Elon Musk, the CEO of Tesla, was ready to provide his support, but only to a certain extent. Musk agreed that the first two components were critical, but he felt that Dogecoin did not need connectivity with web 3 systems.
While many people believe Web 3 to be the next generation of the internet, Markus said that it is really a “developers playground.” I suppose it’s more like “Log into certain things with your crypto wallet and monitor virtual stuff,” he said.
In light of Musk’s recent acquisition of Twitter for an eye-popping $44 billion, the debate is gaining even more traction.
What are the ramifications for DOGE if Musk takes control of the company’s Twitter account?
Dogecoin’s future has been the subject of much discussion after Musk’s purchase of Twitter. The incorporation of Dogecoin tipping on Twitter is getting enormous popularity, among other speculations.
Musk has a history of pioneering DOGE adoptions. Tesla’s retail shop now accepts DOGE payments. Dogecoin developers are also planning on using SpaceX’s Starlink interplanetary internet connection to facilitate DOGE transactions in distant areas.
Also Read: Esports App Now Accepts Shiba Inu and Other Crypto Through FTX
