Boring Company launched Burnt Hair perfume, which is buyable via Dogecoin payment as a choice for interested buyers.
On 12 October, Elon Musk, CEO of Tesla & many other tech companies, shared the launch of a fragrance product and he confirmed that the product can be purchased via crypto payment.
In the last 24 hours, Dogecoin touched the $0.055 low & $0.06 as a high trade price. In short, this news pumped Dogecoin by 9%.
Doge fan Elon Musk
Elon Musk is the richest person in the whole world and he is also popular because of his position as the CEO of multiple tech companies like Tesla, SpaceX, etc.
Musk is a fan of cryptocurrencies. In particular, he supports Bitcoin, Ethereum & Doge.
Initially, Musk started to support Dogecoin in 2020 and pushed Dogecoin to surge by around more than 300-fold. The all-time high of Dogecoin was $0.74 but now the current price of Dogecoin is $0.06, which is down by more than 90% from its ATH.
However, Tesla CEO supports Dogecoin officially as a priority, and also he believes that Dogecoin will be the future of the crypto industry in the payment system but it is not enough for Dogecoin adoption.
For real ground-level adoption, Dogecoin needed some high-level development work. A few reports noted that backend developers behind Dogecoin are working with SpaceX’s Starlink to enable Dogecoin trade & payment at all possible levels.
Read also: Stablecoins are like Banks without a regulatory framework, Says U.S. banking regulator
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