Elon Musk proposal for McDonald to accept Dogecoin

Tesla’s CEO proposed a unique partnership to the biggest global fast-food chain network. 

Dogecoin is a 10th ranked crypto asset in this crypto Industry and this coin grabbed huge attention in the crypto and non-crypto industry in 2020-2021. Tesla CEO Elon Musk supported this coin in multiple ways and this is only Elon Musk who is responsible for creating the team Dogecoin Foundation, a nonprofit organization behind the Dogecoin project. 

On 25 January, Elon Musk tweeted a proposal to the Fast-food chain McDonald’s to accept Dogecoin. And in return Elon will promote McDonald’s food on TV during the shows. 

I will eat a happy meal on tv if @McDonalds accepts Dogecoin

— Elon Musk (@elonmusk) January 25, 2022

Many crypto proponents supported this initiative of Elon Musk and urged McDonald’s to adopt the Dogecoin payment option. 

DOGE price 

Due to this tweet from the Tesla CEO, the price of Dogecoin surged from $0.135 to $0.1506, i.e net 11.56% pumped within hours. 

Earlier this, Tesla CEO confirmed that some Tesla merch available to buy with Dogecoin. And after that, the price of Dogecoin surged by around 20% within a few hours. 

McDonald in crypto 

Since last week, McDonald’s has been popular and engaged in the crypto community. Even El Salvador president Nayib Bukele updated his Twitter profile picture with a cap wearing the logo of McDonald’s. 

McDonald also started to follow many crypto proponents. In particular, McDonald started to follow Cardano founder Charles Hoskinson. Now it will be interesting to see if McDonald will start its initiative to accept payments in Dogecoin or not. 

However in the present time, McDonald is already accepting payments in Bitcoin through the Bitcoin lightning enabled wallets like strike, Chivo in El Salvador. 

Read also: CBDC is ‘inevitable, says Bank of America strategists