According to the latest tweet from Tesla CEO Elon Musk, the automaker will begin accepting dogecoin (DOGE) for merchandise purchases.
This is what DOGE fans have been waiting for for a long time, asking Musk to accept the meme cryptocurrency for his company’s cars.
Tesla will make some merch buyable with Doge & see how it goes
— Elon Musk (@elonmusk) December 14, 2021
The price of dogecoin jumped 20% after the tweet, reaching $0.20.
Tesla is preparing to accept DOGE for sales
Musk has been a long-time fan of dogecoin. He’s invested in it, bought it for his toddler, and he even discussed with its developers about making it handle more transactions per second.
After Time magazine named him its “Person of the Year” in 2021, he said, “Bitcoin is not a good substitute for transactional currency. Dogecoin, or “The Shiba Inu of cryptocurrencies,” was created by Billy Markus as a joke. It was meant to be a fun coin to add to your digital wallet. However, Dogecoin is now one of the most used and trusted coins in the world, and you can use it too. It was created a joke. However, it should be used.
Cryptocurrencies and Tesla’s history
At the beginning of this year, Tesla started accepting Bitcoin for its electric cars. However, later on, the company closed the system because Musk believed that Bitcoin mining would have an adverse effect on the environment.
