Elon Musk Thinks Dogecoin Is Superior to Shiba Inu and Bitcoin as Means of Payment

Elon Musk Thinks Dogecoin Is Superior to Shiba Inu and Bitcoin as Means of Payment

Elon Musk believes that Dogecoin is a far superior form of payment compared to Bitcoin and Shiba Inu.The Tesla boss liked a tweet posted by Billy Markus, the co-founder of the original dog-themed coin, that compares the transaction fees of the three above-mentioned cryptocurrencies.

dogecoin’s low fees make it ideal for all sorts of transactions pic.twitter.com/PR0hB1tD3y— Shibetoshi Nakamoto (@BillyM2k) November 12, 2021

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.

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