Elon musk says Tesla to accept doge coins for merchandise
- ByStartupStory | January 16, 2022
Tesla Inc( TSLA) will accend meme- based cryptocurrency dogecoin as payment for the merchandise, namely the “Giga Texas” belt buckle and mini models of electric vehicles.
The fast move, by sending dogecoin prices 14% higher, comes a month after musk said Tesla would test out the digital token as a payment option.
Musk known as a uttered advocate of cryptocurrencies, has heavily influenced prices of dogecoin and bit coin, and at one point it said the company would accept bitcoin for purchasing its cars before axing plans.
Tesla’s commodities, which includes mainly the newly launched “Cyberwhistle” and “ Cyber quad for kids”, are a hit with its fans, and usually sell out within a few hours of listing.
“ Some have noted that goods for doge are selling out even faster than for dollars.
As we look at the musk’s tweet on dogecoin, mainly consists of the one where he called it the “people’s crypto “, have turned the once- obscure digital currency, which began as a social media joke, into a spectacular’s dream.
The token’s price surged by about 4,000% in 2021.
Last year Tesla divulged that it had bought $1.5 billion worth of bitcoin, and musk has also said he owns some bitcoin and dogecoin
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