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Elon Musk says Tesla is now accepting Dogecoin for certain items

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Elon Musk says Tesla is now accepting Dogecoin for certain items

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The price of Dogecoin jumped on Friday after Tesla began accepting the crypto token even in sales of goods and other commodities.

Tesla CEO Elon Musk, a notorious Dogecoin fan, revealed the decision on his Twitter account.

“Tesla merch purchasable with Dogecoin,” Musk wrote.

Elon Musk, an avowed cryptocurrency fan, announced in a tweet that Tesla will now accept Dodgecoin for certain products.
REUTERS

Dogecoin’s price jumped more than 11% to 0.19 cents per token on Friday morning, according to CoinBase.

A review of Tesla’s website showed that many producers can already be purchased with Dogecoin. While currently out of stock, the company’s “Cyberquad for Kids” costs 12,020 doge, or about $ 2,300, including shipping and taxes.

Tesla’s Giga Texas belt buckle costs 835 doge, or about $ 158, while the Cybertruck-inspired Cyberwhistle sells for 300 doge, or about $ 57.

Musk first revealed his intention to accept Dogecoin in December. At the time, the billionaire told his Twitter followers that Tesla would “make products purchasable with Doge and see how it goes.”

Musk has touted Dogecoin on several occasions in recent months, once calling himself “The Dogefather” and sadly referring to the token even when it appeared on “Saturday Night Live” last year.

Last February, Tesla bought $ 1.5 billion worth of bitcoin in an attempt to “diversify and maximize returns” on its cash. A month later, Musk announced that Tesla would accept bitcoin for vehicle purchases.

Elon Musk says Tesla is now accepting Dogecoin for certain items

 | News Today
Items available for purchase with Dogecoin include Tesla’s ‘Cybersquad for Kids’. The cryptocurrency jumped 11% after the announcement.
REUTERS

But Musk then reversed the course of that decision, tweeting that Tesla would no longer accept bitcoin over concerns over the environmental impact of digital mining, which requires a massive amount of electricity.



Elon Musk says Tesla is now accepting Dogecoin for certain items

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