Elon Musk asks McDonalds to accept Dogecoin as payment

Elon Musk and Tesla founder and CEO Elon Musk asked McDonald s to accept Dogecoin as payment and posted a tongue-in- cheek dare on Twitter.

The pressure is on, with all eyes on the fast-food chain now that it hasn't been accepting payments outside of El Salvador.

I will eat a happy meal on tv if McDonald s accepts Dogecoin, wrote the self-proclaimed Dogefather on Twitter.

Musk's dare caused the price of Doge coin to jump over 6% in a matter of minutes.

The price of meme coin was witness to a similar mini pump recently after Tesla announced that it would accept Doge coin for merch payments.

Cryptocurrencies investors on Twitter turned to memes and humor to help ease the drama of the market downturn in El Salvador.

Nayib Bukele has recently changed his profile picture, joking about his next career if his plans for Bitcoins don't materialize.

McDonald s responded to Twitter, acknowledging its brand as a hallmark of market crashes.

How are people who run criptocurrencies twitter accounts, wrote the food chain, already being entangled in a conversation on Twitter, about DOGE payments spurred by Billy Markus, founder of Dogecoin.

Musk was known for his support of the meme coin in the past.

He has recently argued that, although not the ideal currency system, it is still fundamentally better than anything else he has seen.

He believes Doge coin is poised for mainstream adoption due to low transaction fees and having a higher transaction volume thanBitcoin. After several years of being inactive, a not-for-profit foundation, formed by members of the Doge coin team in 2014, was relaunched last year.

The Dogecoin Foundation was reconstructed with some industry players as part of its board of advisors, to provide support, advocacy, trademark protection and governance for the project.

The group that meets monthly to discuss issues relating to Doge coin is made of Doge coin founder Billy Markus, the project's core developer Max Keller, the founder of Ethereum, Vitalik Buterin and Elon Musk as represented by the head of Musk's family office, Jared Birchall.

The foundation revealed big plans for Doge coin in 2022 and set the focus on utility at the end of last year.