After Tesla CEO Elon Musk Tweeted early on January 25th “I will eat a happy meal on tv if @McDonalds accepts Dogecoin,” fast food chains around the world started posting about the possibility of accepting cryptocurrencies for small purchases like food. But it wasn’t until McDonald’s responded to the Tweet that posts about Dogecoin really started heating up. Later this afternoon McDonald’s responded to the Tweet, saying “only if @tesla accepts grimacecoin,” hinting to the possibility of the company creating its own cryptocurrency in the future.
It’s no secret that massive brands are heavily investing into blockchain, cryptocurrency and NFTs. McDonald’s would not be the first major corporation in the United States to create its own cryptocurrency, nor would it be the first to accept cryptocurrency as a valid form of payment. Whether McDonald’s will actually create a grimacecoin is unknown, as the company was likely joking about meme coins with its own branding intertwined.
The reality is that a company like McDonald’s accepting Dogecoin is not far off from what could become reality, as Musk previously pointed out that the coin could be a good contender for a transnational cryptocurrency, meaning a crypto that gets used on a regular basis for small purchases. The Tweet exchange looked to be a playful exchange between Musk and several brands (McDonald’s was not the only brand to respond), but could signal something deeper as cryptocurrency sees wider global acceptance as a valid form of payment.