Elon Musk prefers Dogecoin to Bitcoin and Shiba Inu as a payment method
Elon Musk believes that Dogecoin is a far superior form of payment compared to Bitcoin and Shiba Inu.
The boss of Tesla liked a tweet posted by Billy Markus, the co-founder of the original dog-themed coin, which compares the transaction fees of the three cryptocurrencies mentioned above.
Earlier this week, as reported by U.Today, Dogecoin implemented a hotly-anticipated software update to dramatically reduce the cost of transactions on the network to just 0.01 DOGE (roughly $0.002) per kilobyte.
Due to the recent improvement in performance, it is much cheaper to send Dogecoin than Bitcoin and Ethereum based Shiba Inu.
Last month, Musk confirmed that he didn’t own any SHIB tokens, but this didn’t prevent the second-largest canine coin from rallying to record highs and briefly surpassing Dogecoin.
At the end of May, the centimillionaire escalated his row with Bitcoiners after siding with Bitcoin Cash supporters in a debate over transaction fees.
In August, Musk agreed with fellow entrepreneur Mark Cuban on Dogecoin being the strongest cryptocurrency when it comes to commerce.
