Elon Musk, CEO of Tesla, Space X, and Twitter, has reiterated his demand that McDonald’s accept the meme-inspired cryptocurrency Dogecoin ($DOGE) as a payment mechanism, after earlier pressuring the fast-food chain to adopt the cryptocurrency.
In response to a tweet from McDonald’s official account, which had been dormant for a few months, a user questioned Musk whether his promise to consume a Happy Meal on television if the fast-food restaurant accepted $DOGE as a payment option was still valid, to which Musk answered affirmatively.
Elon Musk’s first offer to McDonald’s occurred after a cryptocurrency market sell-off, during which McDonald’s had teased the cryptocurrency community with a tweet asking those who manage crypto Twitter accounts how they are doing after the sell-off.
Musk is a well-known proponent of Dogecoin. Late in 2021, Tesla began taking DOGE payments on its website, allowing the purchase of certain items such as their “cyberwhistle.” Musk has also mentioned that SpaceX may take DOGE payments shortly.
On its Dogecoin support website, Tesla warns consumers that their purchases may be cancelled if they submit the incorrect amount of DOGE to its address. Additionally, if an order is overpaid in cryptocurrency, the “overpayment amount will not be reimbursed to the original method of payment.”
The website also explains that once an order is made using Dogecoin as the payment method, it cannot be cancelled.
Musk, as reported by CryptoGlobe, has stated that Twitter 2.0 would enable payments, but has not disclosed how this support will manifest.
Dogecoin was founded as a joke in 2013. The cryptocurrency community is well-known for doing philanthropic endeavours, such as assisting nonprofit organizations. In 2014, it made news for earning more than $25,000 in DOGE to let the Jamaican bobsleigh squad attend the Sochi Winter Olympics.
Also Read: Justice Department Comments that SBF Tried to Influence Testimony of Witnesses