When it comes to payments, Elon Musk claims that Dogecoin is the "strongest" cryptocurrency.


When it comes to promoting Dogecoin as a means of payment, the entrepreneur is on the same page as fellow billionaire Mark Cuban. Tesla CEO Elon Musk has once again stated that Dogecoin meets the properties of a means of payment better than any other cryptocurrency.

He channeled fellow billionaire Mark Cuban in a recent tweet, telling CNBC Make It that the meme cryptocurrency is the "strongest" medium of exchange due to its community:

When it comes to using Doge as a means of exchange, the Doge community is the most active.

Increasing merchant adoption of Dogecoin

In March, the Dallas Mavericks basketball team, which Cuban bought for $285 million in 2000, began taking Dogecoin as payment for tickets and merchandise.

Cuban said earlier this week that customers who pay in Dogecoin will receive special pricing during the Mavs' summer gear sale, in an effort to encourage fans to use the meme coin for payments.

While many people complain about Dogecoin's endless supply, the entrepreneur sees it as a crucial advantage because it allows it to become a legitimate payment mechanism.

At the same time, Cubans regard Bitcoin as pure digital gold, with a hard-capped supply of 21 million coins.

Musk is also helping to promote Dogecoin's merchant acceptance. SpaceX was paid entirely in Bitcoin parodies to fly the "DOGE-1" lunar mission next year.

In the beginning of May. Musk also polled his Twitter followers on whether Tesla should adopt the prank cryptocurrency.

Shortly after, the e-car maker banned Bitcoin payments owing to environmental concerns, but the centibillionaire recently stated that the functionality would “most likely” be restored.

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