TESLA TO ACCEPT DOGECOIN ??? DOGECOIN & ELON MUSK BREAKING NEWS!!



TESLA TO ACCEPT DOGECOIN ??? DOGECOIN & ELON MUSK BREAKING NEWS!!

Elon Musk said Tesla would face the recognition of the Dogecoin cryptocurrency as a commodity, but he did not mention cars. Tesla will allow people to use the Dogecoin cryptocurrency to buy some of its branded products, billionaire CEO Elon Musk tweeted on Tuesday, following the company’s brief attempt to allow its customers to pay for electric vehicles for a few days. actions taken months later. Bitcoin. Elon Musk said Tuesday that Tesla will start allowing people to buy some of its products with Dogecoin. The meme-inspired cryptocurrency surged as much as 23 percent on Tuesday after Elon Musk said Tesla would accept Dogecoin as payment for some of its products.

Highlights Dogecoin’s cryptocurrency price has surged more than 40% after Tesla CEO Elon Musk said it could be used to buy goods on a car company’s website. Tesla Inc head Elon Musk said on Tuesday that the electric car maker will accept dogecoin as payment for goods on a trial basis, which will lead to a 24% rise in the meme-based cryptocurrency. Dogecoin recorded a sharp rise in its price on Tuesday morning after Elon Musk tweeted that Tesla would allow people to buy goods using cryptocurrency. After fluctuating between $ 0.16 and $ 0.18 in the past few weeks, on Tuesday (December 14), the Dogecoin price jumped from $ 0.159206 at 10:33 to $ 0.198599 at 10:40 am after Elon Musk’s announcement of Tesla payouts Dogecoin. on Twitter.

Dogecoin (DOGE) cryptocurrency price is up more than 43% after the CEO of Tesla, Inc. (TSLA) Elon Musk tweeted that the automaker is adding coin support for shopping certain products on its website.

It is not yet clear what Tesla merchandise will be available for purchase using Dogecoin. Musk did not elaborate on what items between $ 50 and $ 1,900 can be purchased for Dogecoin. It is not yet clear what kind of goods customers will be able to buy with the meme-inspired cryptocurrency. Tesla will make Doge merchandise available for purchase, and we’ll see how it goes, Musk tweeted after a poll in which 78% of his followers said he should.

According to Koingeko, Doge’s price is up about 27% after the tweet. Dogecoin price fell before Musks’ announcement, but then skyrocketed by as much as 30%. The Tesla CEO has been a longtime supporter of dogecoin, the dog-themed Japanese Shiba Inu cryptocurrency that launched as a joke in 2013. Earlier that month, Musk said that, ironically, dogecoin could be the future of cryptocurrencies.

Tesla won’t be the first company to accept a meme token as payment. This is the first time Tesla has accepted cryptocurrencies as payment after a reversal earlier this year. The announcement came just months after Tesla backed out of its decision to accept payments in bitcoin, citing environmental concerns over how the cryptocurrency is mined. The announcement came just a day after Musk was named “Person of the Year” magazine by Time magazine and said dogecoin was better suited for transactions than bitcoin.

Musk later stated that Tesla could start accepting bitcoin as payment again in the future. However, it looks like Musk is ready to experiment with the idea of ​​accepting cryptocurrency as payment again.

Earlier this year, Musk announced that Tesla would accept bitcoin as payment, but then put the practice on hold, citing bitcoin’s carbon footprint. However, a few months later, Musk announced that Tesla would stop accepting bitcoins to buy cars, citing environmental concerns over bitcoin mining, the process used to create new bitcoins.

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