Elon Musk reveals his opinion on the Dodge coin to increase its use

Elon Musk

Tesla CEO Elon Musk has said that fees for the Dodge Coin cryptocurrency must be reduced in order for the currency to become widely used in retail purchases. Musk's comments, which he wrote in a tweet, are an apparent reference to AMC Entertainment's plans to accept cryptocurrency as payment.

In May, Elon Musk said he was working with Dodge Coin developers to improve the efficiency of system transactions.

Billy Marcus, a co-founder of Dodge Coin who is no longer working on the project, responded to Musk's tweet by expressing his agreement and calling on the developers to release a software update.

The price of Dodge Coin, which was originally created to ridicule cryptocurrency, has soared after being referred to by Elon Musk on numerous occasions over the past year, reaching a more than 90-fold increase.