elon musk dogecoin
tesla accepting dogecoin
will tesla accept dogecoin as payment
Electric car maker Tesla CEO Elon Musk said Tuesday that the electric car maker will accept Dogecoin as a test-based payment for merchandise, boosting the Meme-based cryptocurrency by 24 percent. Reuters.
"Tesla will make some items purchasable with Dogecoin to see how it goes," Elon Musk said in a tweet on his Twitter account hours ago. Reuters said the price of Dogecoin, popular among retail investors, rose to $0.20 after the tweet. Musk's tweets on cryptocurrency, including one he has dubbed "people's crypto," have helped the meme rise 5,859% over the past year, according to data from the Coinbase website.
The agency says that Elon Musk did not specify which merchandise starts at 50$ and goes up to 1,900$ that can be purchased with Dogecoin. Tesla sells clothing, "Giga Texas" belt buckles, and scale models of its vehicles as well as quirky limited-edition items like the Cyberwhistle, modeled after the much-anticipated Cybertruck. It recently launched a 'Cyberquad' quad bike for kids, which is also modeled after a truck.
Crypto supporter Musk has often endorsed Dogecoin as better for transactions, most recently in an interview with Time magazine, which named him its 2021 Person of the Year on Monday. "Bitcoin is not a good alternative to transaction currency," he added.
what will happen if tesla accept dogecoin
what happens if tesla accepts dogecoin
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