Tesla CEO Elon Musk took the side of meme coins in the DOGE and BTC debate in an interview with Time Magazine. These discussions continued in Musk’s recent Web3 push tweets, and Jack Dorsey got into an intense altercation with Dogecoin founder Billy Markus. Let’s take a look at his latest response to CoinPayments CEO Jason Butcher Musk.
Jason Butcher talks about the exchange feature of cryptocurrencies
Jason Butcher, CEO of CoinPayments, says that the future of payments will be virtual and transactions will be conducted almost exclusively with digital fiat currencies or cryptocurrencies: In this case, cryptocurrencies should register a transaction between two peers and act as a form of exchange.
Cryptocoin. com You can take a look at Elon Musk and Web3 discussions here (part-1, part-2).
DOGE answer to Elon Musk
Alongside Burtcher’s statements above, crypto influencers such as Tesla CEO Elon Musk stated that Dogecoin could be a superior form of payment than Bitcoin. In an interview with Time Magazine, Musk gave the following about DOGE and BTC:
Although created as a joke, Dogecoin is more suitable for transactions. DOGE has much higher potential than Bitcoin.
CoinPayments CEO Jason Burtcher also responded to Musk’s comments by saying that Dogecoin is not unique in its features as a potential form of payment:
Dogecoin, like hundreds of others, represents an opportunity that crypto represents. Other platforms out there, Solana, USDT and even USDC or many other cryptocurrencies out there are actually much more convenient to use for transactions. The challenge is, what is the community? If you have five million people worldwide who own Bitcoin, you have a community of five million who have Bitcoin to spend, and you only have 10,000 people who own Dogecoin, who is the community?
Finally, Butcher added, “coins that are stablecoins or have features like stablecoins are best.”