DOGE Officially Added to Tesla’s Payment Options But There’s Catch

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As a seasoned crypto investor with a keen interest in the latest developments within the industry, I cannot help but be excited about Tesla’s recent announcement of accepting Dogecoin as an official payment option for merchandise on their website. This decision comes after Elon Musk’s companies, Tesla and SpaceX, began experimenting with DOGE back in 2022.

Recently, Tesla, the well-known electric vehicle manufacturer led by Elon Musk, has made an exciting announcement. They have incorporated Dogecoin as a valid payment method on their official website. The payments section has been revised to reflect this addition, now featuring Dogecoin as a popular and humorous meme cryptocurrency within the community.

Tesla officially embraces Dogecoin 

Tesla currently permits Dogecoin as a payment option for merchandise purchases made through its online shop. It is worth noting that some specific items might additionally accept Dogecoin as a form of payment.

DOGE Officially Added to Tesla’s Payment Options But There’s Catch

As a crypto investor, I’m thrilled to share that in January 2022, Elon Musk’s companies marked an exciting milestone by accepting Dogecoin as an experiment. The tech visionary himself announced it was a trial run to gauge the outcome. Consequently, an array of merchandise, such as Tesla Cyberwhistles and “Giga Texas” belt buckles, became available for purchase using DOGE.

Later that year, another company run by the same CEO followed suit – SpaceX.

DOGE price spikes 21%

In the spring of 2024, exactly two years after the mentioned event, during a tour of Tesla’s Giga factory in Berlin, an audience member asked Musk if Tesla planned to accept Dogecoin as payment for electric cars. Musk replied casually that they would consider offering DOGE as a payment option at some point down the line. This offhand comment from Musk triggered a 10% increase in DOGE’s price almost instantaneously, but unfortunately, this surge proved to be short-lived.

DOGE Officially Added to Tesla’s Payment Options But There’s Catch

At present, the largest meme cryptocurrency DOGE is being traded at a price of $0.159. This represents an increase of over 21% within the last 24 hours, sparked by recent news about Tesla.

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2024-05-04 16:04