“I want a fry” was the line that started it all. Last week, Billy Markus, co-founder of Dogecoin, replied to a Tweet from McDonald's promoting the restaurant asking for a single french fry. The global fast-food chain which has been known for its Twitter banter replied in the best way possible; posting a photoshopped image of a Shiba Inu with a french fry in its mouth.
The tweet spread around the internet quickly and found its way to Elon Musk, who never passes up a good opportunity to talk about Dogecoin. Musk tweeted: “I will eat a Happy Meal on tv if @McDonalds accepts Dogecoin.”
McDonald's is not new to this request. Reportedly, thousands of Dogecoin holders have asked the restaurant to start accepting the coin as payment for products. The fast-food favourite has never responded to any of these requests and has been silent on the issue. However, succeeding the inquiry from Musk, they decided to strike back.
A few hours after the tweet, McDonald's responded to Musk by saying: “only if @tesla accepts grimacecoin.” Given the reply, It is doubtful that this Twitter exchange is over and the wait is on to read Musk's reply.
Those who keep up with cryptocurrencies know that grimacecoin is not a legitimate cryptocurrency. Of course, there will likely be hundreds of new tokens named grimacecoin that will appear over the coming week but none of them have cemented any sort of authority to their name.
The tweet from McDonald's perfectly sums up how it feels about cryptocurrency and the legitimacy of meme coins in the market. The volatility and risk of these tokens are far too extreme for many major companies to accept as payment. Memecoins like DOGE have only successfully been adopted by AMC and smaller retailers.
Recently, Musk took to Twitter to announce that Tesla would start accepting dogecoin, in turn, this caused the price to increase dramatically. The hype was short-lived as it became clear that Tesla would only accept the digital asset for a single piece of merchandise and not for its vehicles
Knowing the cryptocurrency communities, many would not be surprised if a grimace coin is created and is soon used as the next McDonald's payment method. It does not look promising though as others have already stated that the new meme coin would be closer to being sued for copyright infringement than being adopted by the fast-food chain.