Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE – Altcoins Bitcoin News


Tesla
now
accepts
dogecoin
for
some
merchandise
on
its
website.
CEO
Elon
Musk
delivered
on
the
promise
he
made
in
December
that
his
electric
car
company
will
accept
DOGE.
Meanwhile,
Tesla
still
has
not
resumed
accepting
bitcoin.

Dogecoin
Now
Accepted
for
Select
Tesla
Merchandise

Elon
Musk’s
electric
car
company,
Tesla,
has
begun
accepting
dogecoin
payments
for
some
merchandise.
CEO
Elon
Musk
announced
early
Friday
morning
on
Twitter,
“Tesla
merch
buyable
with
dogecoin.”
He
first

tweeted

in
December
last
year
that
Tesla
will
accept
DOGE.

Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE

Following
Musk’s
tweet,
dogecoin
immediately
surged
about
10%
but
has
since
lost
most
of
its
gain.
The
price
of
the
meme
crypto
is
$0.1913
at
the
time
of
writing
based
on
data
from
Bitcoin.com
Markets.

Tesla’s
shop
now
has
a
few
items
that
can
only
be
bought
with
the
meme
cryptocurrency.
They
include
a
Cybertruck
Graffiti
Cuffed
Beanie
that
costs
205
DOGE;
a
Giga
Texas
Belt
Buckle
that
costs
835
DOGE;
a
Cyberquad
for
Kids
that
costs
12,020
DOGE;
and
a
Cyberwhistle
that
costs
300
DOGE.

Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE
An
example
of
merchandise
that
can
only
be
purchased
with
dogecoin
on
the
Tesla
website.
Source:
Tesla

Tesla’s
website
details:

Tesla
only
accepts
dogecoin

Non-dogecoin
digital
assets
sent
to
Tesla
will
not
be
returned
to
the
purchaser.

Prior
to
Tesla
activating
the
dogecoin
payment
option,
some
people
on
social
media
noticed
that
the
source
code
on
Tesla’s
vehicle
payment
pages
contains
the
word
“dogecoin.”
However,
Tesla
has
not
made
an
announcement
whether
dogecoin
will
be
accepted
for
vehicle
purchases.

Bitcoin.com
News
has
verified
that
the
code
behind
the
payment
page
for
a
Tesla
Model
Y
contains
“dogecoin.”

Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE
The
payment
page
of
a
Tesla
Model
Y
with
code
showing
“dogecoin.”
Source:
Tesla.

Musk,
who
has
been
named
Time
Magazine’s
Person
of
the
Year,

has
long
been
a
supporter
of
dogecoin.
He
has
said
several
times
that
DOGE
is

best
for
transactions

whereas
bitcoin
is
better
suited
as
a
store
of
value.

In
October
last
year,
the
Tesla
boss

revealed

that
lots
of
people
he
talked
to
on
the
production
lines
at
Tesla
or
building
rockets
at
Spacex
own
DOGE.
“They
aren’t
financial
experts
or
Silicon
Valley
technologists.
That’s
why
I
decided
to
support
Doge

it
felt
like
the
people’s
crypto,”
Musk
explained.

Meanwhile,
Tesla
still
has
not
resumed
accepting
bitcoin
for
payments.
The
electric
car
company
began
accepting

BTC

in
March
last
year
but
stopped
in
May
citing

environmental
concerns
.
Musk
later
said
that
Tesla

will
resume

accepting

BTC

“When
there’s
confirmation
of
reasonable
(~50%)
clean
energy
usage
by
miners
with
positive
future
trend,
Tesla
will
resume
allowing
Bitcoin
transactions.”

Nonetheless,
Tesla
still
holds

BTC


on
its
balance
sheet

worth
about
$1.26
billion
at
the
end
of
Q3.
While
the
company
does
not
own
any
DOGE,
Musk
previously
said
that
he

personally
owns

dogecoin,
bitcoin,
and
ether.

Tags
in
this
story

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with
doge
,

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with
dogecoin
,

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merchandise
,

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musk
doge
,

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musk
dogecoin
,

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with
doge
,

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with
dogecoin
,

Tesla
,

Tesla
accept
dogecoin
,

Tesla
accepts
cryptocurrency
,

tesla
accepts
doge
,

tesla
doge
,

tesla
doge
merchandise
,

tesla
dogecoin
,

Tesla
Elon
Musk



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

Kevin
Helms

A
student
of
Austrian
Economics,
Kevin
found
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.




Image
Credits
:
Shutterstock,
Pixabay,
Wiki
Commons


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