Billionaire Elon Musk tweeted on January 25 stating that he would eat a “Happy Meal” on TV if McDonald’s starts accepting Dogecoin (DOGE) as a form of payment. The official Dogecoin profile also shared a crypto meme with snacks. DOGE enthusiasts also supported the decision. Even Burger King, McDonald’s biggest rival, also asked McDonald’s to consider the suggestion.
McDonald’s responded to Musk’s suggestion, saying that it would accept DOGE if Tesla started accepting GrimaceCoin as a form of payment. McDonald’s response was just a joke, using one of its classic characters to imply that the company will also be launching a crypto meme. However, a token called GrimaceCoin was quickly created on the Binance Smart Chain. Its price skyrocketed by 6,000 percent in just a few hours after an interaction between Musk and the fast food chain on Twitter.
Actually, GrimaceCoin assets are not associated with McDonald’s. Its creator is anonymous and accused by other users of a scam. In addition, each transaction with the token is taxed at 10 percent, a very high value that creates distrust in the market. Due to the recent stock market crash, many crypto investors started joking that they would have to work at one of the fast food chain’s outlets to make up for the loss.
Read more:
- Spike in Dogecoin’s price after Elon Musk makes McDonald’s offer
- Tesla will allow dogecoin for payment: Musk
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