Tesla and SpaceX CEO Elon Musk has dismissed the idea that a bridge between the Dogecoin ($DOGE) network and Ethereum ($ETH) is necessary for the meme-inspired cryptocurrency’s utility to grow.
Responding to a set of suggestions made by DOGE co-creator Billy Markus on social media, which included getting more businesses to accept DOGE payments and increasing the use of DOGE as a tipping currency, Musk said a bridge between Dogecoin and Ethereum “is not necessary.”
Twitter shareholders will now receive $54.2 in cash for each share of Twitter common stock they own as Musk’s offer represented a 38% premium to the company’s closing price at the beginning of the month. If completed, it will be one of the largest leveraged buyouts in history.
Musk is a well-known supporter of Dogecoin, who has collaborated with developers to improve the cryptocurrency. Along with DOGE’s co-creator, Musk has pushed for McDonald’s to accept payments in the meme-inspired cryptocurrency and has hinted SpaceX – a company he also owns – could soon accept payments in DOGE.
His electric car maker, Tesla, accepts DOGE payments on its website for specific products such as its “cyberwhistle,” its “Giga Texas” belt buckle” and its “cyberquad” four-wheeler for kids.. Musk has suggested Twitter could use DOGE as a means of payment.
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