Elon Musk Asks McDonald’s to Accept Dogecoin

February 2, 2022 Blockchain, Crypto, Digital Assets, Tokens, CBDCs, Metaverse, NFTs, Enterprise, Entrepreneurs, Start-ups, Small Businesses, FinTech and Alternative Finance, Fintech International, Fintech Opinions, Fundraising, Investing, Trading, Innovation and Resources, Leadership, Productivity, Competition, Human Capital, Health, Stories No comments

U.Today | Alex Dovbnya | Jan 26, 2022

Fast food giant McDonald’s is facing backlash after botching its response to Tesla CEO Elon Musk

As reported by U.Today, the centibillionaire asked the Chicago-headquartered corporation to accept Dogecoin. In return, he promised to eat its Happy Meal on television.

McDonald’s has seemingly backed away from the offer by tweeting that it will accept Dogecoin if Tesla accepts “Grimacecoin.”

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. It was originally supposed to be a mean-looking character with four arms that would steal kids’ milkshakes. However, Roy Bergold, McDonald's creative officer, told QSR Magazine that “Evil Grimace” had turned out to be a failure because it was too scary for kids.

See: Elon Musk Just Tweeted a Life-Changing Decision, and Almost Nobody Even Noticed

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.

A missed opportunity

The Dogecoin community was largely dissatisfied with the response. Many pointed to the fact that it took the company’s marketing team over 10 hours to come up with such an offer.

Dogecoin co-founder Billy Markus commented that:

The Grimacecoin tweet was a textbook example of how to make something fun unfunny.

Continue to the full article --> here

NCFA Jan 2018 resize - Elon Musk Asks McDonald's to Accept Dogecoin The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org