Tesla Starts Accepting Dogecoin Payments – Some Goods Can Only Be Purchased with DOGE – Altcoins

Tesla now accepts Dogecoin for some goods on its website. CEO Elon Musk has made good on a promise he made in December that his electric car maker would accept DOGE. Meanwhile, Tesla is still not accepting Bitcoin again.

Dogecoin now accepted for select Tesla merchandise

Tesla, Elon Musk's electric car company, has started accepting Dogecoin payments for some goods. CEO Elon Musk announced on Twitter early Friday morning: “Tesla merch can be purchased with Dogecoin.” He first tweeted in December last year that Tesla would accept DOGE.

Following Musk's tweet, Dogecoin immediately rose by around 10% but has since lost most of its gains. The price of the meme crypto is $0.1913 at the time of writing, based on data from Bitcoin.com Markets.

Tesla's store now has some items that can only be purchased with the meme cryptocurrency. These 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 cyber pipe that costs 300 DOGE.

Tesla website details:

Tesla only accepts Dogecoin... Non-Dogecoin digital assets sent to Tesla will not be returned to the buyer.

Before Tesla activated the Dogecoin payment option, some people on social media noticed that the source code on Tesla's vehicle payment pages contained the word "dogecoin." However, Tesla has not made any announcement about whether it will accept Dogecoin for vehicle purchases.

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

Musk, named “ Person of the Year, " has been a long-time supporter of Dogecoin. He has said several times that DOGE is best for transactions while Bitcoin is better suited as a store of value.

In October last year, the Tesla boss revealed that many people he spoke to on the production lines at Tesla or building rockets at Spacex own DOGE. "They are not 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 has still not resumed accepting Bitcoin for payments. The electric car company began to accept Bitcoin in March last year, but stopped quoting in May Environmental concerns. Musk later said that Tesla will continue accept Bitcoin “Once there is confirmation of reasonable (~50%) clean energy consumption by miners with a positive future trend, Tesla will allow Bitcoin transactions again.”

Nevertheless, Tesla is still holding on Bitcoin in its balance sheet valued at approximately $1.26 billion at the end of the third quarter. While the company does not own DOGE, Musk previously said that he personally owns Dogecoin, Bitcoin and Ether.

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

Kevin Helms

As a student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the interface between economics and cryptography.

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