Elon Musk Claims That Dogecoin’s Total Transaction Capacity Is Much Higher Than Bitcoin’s

Elon Musk Says The New Twitter Hexagonal NFT Profile Picture Feature is Annoying

Elon Musk, the CEO of the American electric vehicle manufacturer Tesla, has reiterated his support for the meme-based cryptocurrency Dogecoin (DOGE).

Musk stated in a recent interview that Dogecoin is superior to Bitcoin (BTC) for payment processing because “the total transaction capability of Dogecoin is much higher than Bitcoin.”

Read also: Voyager Will Return $270 Million in Customer Funds After Receiving “Better” Offers Than FTX

Even though DOGE was launched as a joke cryptocurrency in 2013, Musk stated that the token has a lot of potentials, particularly when used in payments.

Musk has backed up his words with actions regarding DOGE’s payment capabilities.

Musk has added Dogecoin support to his businesses, including Tesla and SpaceX. For example, the well-known cryptocurrency can be used to buy Tesla and SpaceX merchandise.

Related article: TWITTER’s Legal Team Plans to File a Lawsuit Against Elon Musk for Abandoning Deal

Musk’s ultimate goal is to see Dogecoin used as the “internet currency.” Earlier this year, Vladimir Tenev, co-founder of Robinhood Markets, shared his thoughts on how Dogecoin can become the internet’s currency.

Musk reacted to Tenev’s tips by bringing them to the attention of Dogecoin co-creator Billy Marcus.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

Share this :