Elon Musk’s recent post on Twitter seems to show that Dogecoin may not be the only currency on Mars. Tesla may see Bitcoin as a payment option for its products and want to create a financial system suitable for Mars. There is a possibility that its name is “ElonCoin” or “MarsCoin”.

 

 

Is Marscoin on its way?

MarsCoin is touted as the main currency of the planet Mars. Binance CEO recently called it “MarsCoin” in a meeting with Musk. Elon may intend to launch a digital currency to be used on Mars.

The dialogue in question began with a follower replying to Musk’s most recent tweet. He had invited the big DogeCoin holders to sell their DOGE. Musk even went so far as to say that “If Doge owners are ready to close their accounts and sell, they will pay in dollars.” Its aim was the bottleneck in the DogeCoin distribution due to the concentration caused by large DOGE holders. Musk has always been an ardent fan and supporter of Dogecoin, but the blockage has made him reluctant to invest in Dogecoin.

 

“Only if necessary …”

The follower suggested that Musk could offer this new currency to existing Dogecoin holders who do not own the majority of the asset. In this way, it will be possible to prevent large DogeCoin holders from getting richer. Even later, Musk can devote himself to improving MarsCoin’s value in the world.

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The comments were well received by Tesla’s CEO. His answer was simply “only if necessary …”. Musk, the richest man in the world, can be very well known in the crypto market with such a move. Their ties with the fintech world can also make this transition almost seamless. If this happens, we could potentially see Musk in a much richer position than he is now.

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