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CEO of Tesla Inc (NASDAQ: TSLA) Elon musk re-emphasized the importance of reducing Dogecoin (CRYPTO: DOGE) in order to make viable transactions such as the purchase of cinema tickets.
What happened: Musk’s comments were made on Twitter following AMC Entertainment Holdings Inc (NYSE: AMC) CEO Adam aron conduct a survey on the same social network to find out if the movie channel should accept cryptocurrency meme.
See also: How to buy Dogecoin (DOGE)
Tesla CEO said in response to a tweet from DOGE co-founder Billy Markus that it was “super important” that the transaction costs go down.
Super important for Doge’s fees to drop to make things like buying movies viable
– Elon Musk (@elonmusk) September 22, 2021
In turn, Markus called for all DOGE 1.14.3 nodes to be updated to cryptocurrency software version 1.14.4 so that “we can post low fees by default”.
Why is this important: On Wednesday, Aron said his Twitter poll received an overwhelming response with more than three-quarters of users voting in favor of the Shiba Inu-themed cryptocurrency.
See as well :Why is Dogecoin outperforming the larger crypto market today?
Musk was among those who liked the poll. Aron commented on the development, “I never thought I would see that day.”
Last month, Musk had noticed that it was “important” for more DOGE nodes to update to the latest software. In June, Musk made a similar comment when reacting to a proposal from DOGE developer Ross Nicoll.
The reduced fees, if and when they go into effect, would see the average Dogecoin transaction fee revised to 0.01 DOGE. Average transaction fees are currently 2.24 DOGE according to BitInfoCharts.com.
Price action: At the time of going to press, on a 24-hour basis, DOGE has climbed 8.61% to $ 0.22.
Read more : Is Selling Bitcoin, Other Cryptos Over SEC Concerns Justified? Veteran trader Peter Brandt says any weakness is temporary
Photo: Courtesy of Furtherfield Gallery on Flickr
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