FX.co ★ Musk prefers DOGE to BTC and Shiba Inu as means of payment

Elon Musk does not stop praising his favorite digital asset Dogecoin. The American billionaire has again expressed his affection towards the meme cryptocurrency, saying proudly that DOGE is a far superior form of payment compared to Bitcoin and Shiba Inu.

The genius of our time liked a tweet posted by Billy Markus, the co-founder of the dog-themed coin that compares the transaction fees of the three above-mentioned cryptocurrencies. The Dogecoin developers have recently released a new version of the wallet for its coin. According to the press release, new updates of their software will lower transaction fees for DOGE. Tesla boss believes the meme-based digital asset has a great chance of becoming a convenient and profitable means of payment. Tracing back the history of Musk's tweets, it becomes clear that he is consistent in his statements. "Ideally, doge speeds up block time 10X, increases block size 10X, and drops fee 100X. Then it wins hands down," Musk said via Twitter back in May. He also agreed with billionaire Mark Cuban in August that Dogecoin is the strongest cryptocurrency when it comes to fast and cheap transactions.