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Elon Musk Says Dogecoin Fees Need to Drop to be Widely Used in Retail Purchases

Amy Liu

Summary: Dogecoin fees would need to fall for the cryptocurrency to become more widely used in retail purchases, Elon Musk said on Wednesday. “Super important for Doge fees to drop to make things like buying movie tix viable,” the Tesla Chief Executive said in a tweet, in apparent reference to AMC Entertainment Holdings Inc.’s plans to ...

Dogecoin fees would need to fall for the cryptocurrency to become more widely used in retail purchases, Elon Musk said on Wednesday. “Super important for Doge fees to drop to make things like buying movie tix viable,” the Tesla Chief Executive said in a tweet, in apparent reference to AMC Entertainment Holdings Inc.’s plans to accept the cryptocurrency inspired by the popular meme of a Shiba Inu dog. Back in May, Musk had said he was working with Dogecoin developers to “improve system transaction efficiency.”

By Amy Liu

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