Days after suspending cryptocurrency Bitcoin as a payment mode to buy Tesla vehicles, the company’s billionaire CEO Elon Musk has indicated that he may come up with his own cryptocurrency in the near future. But there’s a catch. While responding to a Twitter user who asked why the CEO was not launching his own cryptocurrency that does everything he wants technically, Musk replied on Saturday if Dogecoin can’t do it, he just might.
“Why not just make a crypto from scratch that does everything you want technically and has a lot of dev support and doesn’t have high concentration of ownership at least initially?” the user asked.
Earlier last week, Musk highlighted the environmental harm of continuing use of energy-intensive cryptos like Bitcoin- a cryptocurrency that the SpaceX CEO had backed earlier. He announced that Tesla which used to accept payments for its car in Bitcoin earlier in March, will be discontinuing the practice.
Musk had also revealed that he has been working with the creators of Dogecoin – the meme-crypto with the face of a Shiba Inu – in order to increase the energy efficacy of system transactions.
