Although American fast food company McDonald’s initially impressed the crypto community when it upped its marketing game by reaching out to them on Twitter, it appears to have fumbled the ball with its weak response to Tesla CEO Elon Musk’s plea for Dogecoin ($DOGE) to be accepted by them as a form of payment.
It all started on January 19, when McDonald’s sent out the following tweet:
One of those that engaged with this tweet was Dogecoin Co-Creator Billy Markus, which prompted McDonald’s to reply with an image of the Dogecoin mascot:
This reply seemed to have got excited not just Dogecoin fans but fans of all dog meme cryptocurrencies (such as Floki Inu), one of whom asked McDonald’s when they would start accepting $FLOKI:
Over the next few days, more and more crypto fans engaged with McDonald’s in the hope that that they could get the fast food giant to succumb to this pressure and accept crypto as a form of payment.
Even one world leader — Salvadoran President Nayib Bukele — decided to join the fun:
Then, on Monday (January 24) McDonald’s sent out the following tweet, which went viral on Crypto Twitter (with over 22K retweets and 125K likes so far), and caught the attention of many crypto influencers, such as the uber Bitcoin bull Michael J. Saylor, who is the Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc.
Crypto exchange Coinbase also decided to reply to this McDonald’s tweet, perhaps to encourage them to accept crypto:
Then, Billionaire Elon Musk, who is the CEO of SpaceX and Tesla, as well as the most famous Dogecoin advocate, got involved. It is worth remembering at this point that on January 14 Musk announced that Tesla had started accepting $DOGE as a form of payment for purchasing some Tesla merchandize (such as the Cyberwhistle):
Anyway, this was Musk’s plea to McDonald’s to start accepting $DOGE:
Well, yesterday (January 25), McDonald’s sent out this response to Musk:
One of the many people in the crypto community not amused by this response from the fast food giant was Markus:
The Dogecoin co-creator also added in a later tweet:
“in other real talk, @McDonalds will be picked up by the media, mentioning grimacecoin and how it exists now (it does – multiple anon grifters made it), and how it “went up 1000%!” because clickbait, while hurting the goodwill of the doge community and losing people money“
As journalist Alex Dovbnya reported for U.Today earlier today, “the name of the made-up cryptocurrency was inspired by Grimace, a purple anthropomorphic creature that started appearing in McDonald’s commercials in the early 1970s.” The report went on to say:
“Just minutes after the McDonald’s tweet, someone created an actual token called “Grimacecoin” on Binance Smart Chain that pumped more than 261,000% within hours before erasing the lion’s share of its gains.“
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Featured Image by “Tumisu” via Pixabay
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