As a seasoned crypto investor, I’ve seen my fair share of market fluctuations and surprise announcements. However, the recent news about Tesla accepting Dogecoin as a payment method has certainly piqued my interest.
Elon Musk, the CEO of Tesla and a known fan of Dogecoin, has allegedly made it possible to use Dogecoin as a payment option for certain Tesla products, according to the company’s FAQ section on their official website. This announcement comes after Musk suggested in late April that Dogecoin could potentially be accepted as a form of payment for Tesla vehicles at some point down the line.
The announcement sparked a swift response from traders, causing DOGE‘s price to surge by approximately 20% within the past 24 hours, reaching a new mark of $0.16.
Dogecoin Appears Among Payment Options on Tesla Website
Elon Musk’s electric vehicle company, Tesla, now accepts Dogecoin as a form of payment in its Tesla Shops. To make a purchase using Dogecoin, customers should look for the Dogecoin logo on the “order” page of qualifying items on the Tesla website.
When it comes to purchasing Tesla items, you’ll be using a Dogecoin wallet exclusively. The prices of all eligible products will be clearly marked in Dogecoin, and don’t forget that any taxes due will be included in that price.
When it comes to transacting with Dogecoin, there are certain rules to keep in mind. For instance, you should refrain from receiving payments for a sole order from multiple wallets. Once an order is initiated, it can’t be canceled. Lastly, returns aren’t an option when purchasing items using Dogecoin.
“At Tesla, we exclusively accept Dogecoin for transactions. We don’t have the capability to receive or identify any other digital currencies. So, make sure to process your purchase using Dogecoin.”
In March, Elon Musk generated excitement among a Tesla factory crowd in Germany close to Berlin about the meme coin, Dogecoin. When queried regarding when Tesla would begin accepting Dogecoin as a form of payment for its vehicles, Musk expressed his belief that the company “ought to make that happen…eventually.”
In the past 24 hours, DOGE‘s price experienced a significant surge of over 20%, reaching a current value of $0.16. The lowest and highest prices within this timeframe were recorded at $0.137 and $0.161 respectively. Notably, the trading volume for DOGE has seen an impressive increase of more than 90% during the same period, signaling heightened investor attention.
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2024-05-04 16:29