Home Tech Tesla to accept Dogecoin as payment for merchandise, says Elon Musk

Tesla to accept Dogecoin as payment for merchandise, says Elon Musk

44
Things You Must Know Before Investing in Dogecoin

Tesla Inc chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up 24%.

“Tesla will make some merch buyable with Doge & see how it goes,”.

Dogecoin, popular among retail investors, raced up to $0.20 after the tweet. Musk’s tweets on the cryptocurrency, including the one where he called it the “people’s crypto”, have helped the meme coin soar 5,859% over the past year.

Dogecoin, popular among retail investors, raced up to $0.20 after the tweet. Musk did not specify what merchandise, which starts from $50 and goes as high as $1,900, could be bought with dogecoin. Musk’s tweets on the cryptocurrency, including the one where he called it the “people’s crypto”.

Musk, who has over 66 million followers on Twitter, has been highly engaged in this year’s retail trading frenzy, tweeting about cryptocurrencies and helping send their prices soaring.

The EV maker stopped accepting bitcoin for car purchases, less than two months after the company began to accept the world’s biggest digital currency for payment.