Tesla Starts Accepting Dogecoin Payments – Some Goods Can Only Be Purchased with DOGE – Altcoin Bitcoin News

Tesla now accepts Dogecoin for certain items on its website. CEO Elon Musk delivered on a promise he made in December that his electric car company would embrace DOGE. Meanwhile, Tesla has not resumed accepting Bitcoin.

Select Tesla merchandise now accepts Dogecoin

Elon Musk’s electric car company Tesla has started accepting Dogecoin as payment for some goods.CEO Elon Musk announced on Twitter Friday morning that “Tesla merchandise can be purchased with Dogecoin.” He first tweet Last December, Tesla will accept DOGE.

Tesla starts accepting Dogecoin payments - some items can only be purchased through DOGE

Dogecoin surged about 10% immediately after Musk’s tweet, but has since lost most of its gains. At the time of writing, the meme cryptocurrency is priced at $0.1913, according to Bitcoin.com Markets.

Tesla’s store now has some items that can only be purchased with the meme cryptocurrency. These include a Cyber​​​​​Cuffed Beanie for 205 DOGE; a Giga Texas Belt Buckle for 835 DOGE; a Kids Cyber​​quad for 12,020 DOGE; and a Cyber​​whistle for 300 DOGE.

Tesla starts accepting Dogecoin payments - some items can only be purchased through DOGE
Examples of items on Tesla’s website that can only be purchased with Dogecoin.Source: Tesla

Tesla website details:

Tesla only accepts Dogecoin… non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.

Before Tesla opened the Dogecoin payment option, someone on social media noticed that the source code of Tesla’s car payment page contained the word “Dogecoin”. However, Tesla has yet to announce whether it will accept Dogecoin for vehicle purchases.

Bitcoin.com News has confirmed that the code behind the Tesla Model Y payment page contains “Dogecoin.”

Tesla starts accepting Dogecoin payments - some items can only be purchased through DOGE
The payment page for a Tesla Model Y, with the code showing “Dogecoin.” Source: Tesla.

Musk has been named “Time” magazine “person of the year,“Has been a Dogecoin supporter for a long time. He has said many times that DOGE is best for trading Bitcoin, on the other hand, is more suitable as a store of value.

In October last year, Tesla boss disclose He talks to a lot of people on Tesla’s production line, or builds rockets at SpaceX’s own DOGE. “They’re not financial experts or Silicon Valley technologists. That’s why I decided to support Doge — it feels like a cryptocurrency for people,” Musk explained.

Meanwhile, Tesla has not resumed accepting bitcoin payments.Electric car companies are starting to embrace bitcoin Last March, but stopped citing in May environmental issue. Musk later said Tesla will restore accept bitcoin “Tesla will resume allowing bitcoin transactions when miners confirm a positive future trend in reasonable (~50%) clean energy use.”

Still, Tesla holds bitcoin on its balance sheet It was worth approximately $1.26 billion at the end of the third quarter.While the company doesn’t own any DOGE, Musk has previously said that he Personally owned Dogecoin, Bitcoin and Ethereum.

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Do you think Tesla will soon accept Dogecoin for all products? Let us know in the comments section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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