Elon Musk founded the underground tunneling system company The Boring Company, and it recently expanded its business by introducing a new fragrance. Customers can now purchase the product using Dogecoin, Elon Musk’s preferred cryptocurrency.
It is no secret that Elon Musk, the richest man in the world, is a strong supporter of Dogecoin, the original meme coin. He had acknowledged investing some of his own money in it over the previous few years, and he had frequently extolled the virtues of the token.
The entrepreneur claimed in August that Dogecoin could process more transactions per second than Bitcoin. He used the comparison between the time it takes to complete a DOGE transaction and a BTC transaction to illustrate his point.
Predictably, a few of Musk’s owned companies support the asset as well. The Boring Company, a provider of tunnel construction services, SpaceX, an industry leader in electric vehicles, Tesla have all adopted DOGE as a form of payment.
The finest fragrance on Earth!https://t.co/ohjWxNX5ZC pic.twitter.com/0J1lmREOBS
— Elon Musk (@elonmusk) October 11, 2022
According to a Twitter post from Elon Musk, The Boring Company has unveiled a rather unique product: A perfume whose scent is similar to “a candle at the dinner table.” Customers can purchase the perfume in Dogecoin in addition to paying with fiat money, the billionaire explained.
The South African-born entrepreneur signaled his intent to eventually acquire Twitter for $44 billion by purchasing more than 70,000,000 shares of the company earlier this year, representing 9.2% of the total outstanding shares. A few hours later, DOGE soared by 33%, reaching a high of $0.15 per coin.
Twitter concurred with the terms of the sale, but Musk had not yet made up his mind. In July, he asserted that the agreement had been terminated because the company had not “complied with its contractual obligations” and had not addressed its problems with fraud and phony accounts.
The CEO of Tesla announced last week that he has changed his mind and is prepared to acquire Twitter for the initial bid price of $44 billion, or $54.20 per share. Later on, DOGE rose by more than 8%.
Image Credit: Shutterstock
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
