Tesla to Accept Dogocoin for merchandise
CEO of SpaceX, & Tesla, Elon Musk stated on Tuesday Tesla (the electric vehicle manufacturing company) will accept dogecoin as payment for merchandise on test basis. He wants to send the meme-based cryptocurrency up over 20%. “Tesla will make some merch buyable with Doge & see how it goes,” Musk Tweeted.
Musk’s tweets on the cryptocurrencies, including the one where he called it the “people’s crypto,” have helped the meme coin soar 5,859 per cent over the past year, according to Coinbase (It’s a secure online platform for buying, selling, transferring, and storing cryptocurrency).
Musk has been an advocate for the cryptocurrency’s community for last many years. Musk’s latest announcement will usher in a new era of commerce and trailblaze the path for altcoins to expand their use case,” – Chris Kline (The founder of Bitcoin IRA).
Although Musk didn’t specify what, whose prices start from 50 dollars and go high about 1,900 dollars, could be bought with dogecoin.
Tesla is selling apparel, ‘Giga Texas’ belt buckles, Tesla’s mini models, along with quirky limited-edition items, for example ‘Cyberwhistle’, (It’s a modeled after Tesla’s much-awaited Cybertruck. It recently launched a quad bike ‘Cyberquad’ (it’s a bike for kids) also modeled after the truck.
Elon Musk is a cryptocurrency supporter, who often endorsed dogecoin. Musk said, Crypto is better for transactions, in an interview to Time magazine, which named musk “Person of the Year” on Monday 2021.
Musk had asked his followers in may, if they want Tesla to accept dogecoin in a Twitter poll. Musk had called dogecoin a “Hustle” during Saturday night live, guest-host spot (A talk show) in may 2021.
Tesla had stop accepting bitcoin for purchasing Tesla’s vehicle in May, less than two months after the company began to accept the world’s biggest digital currency for payment.