Elon Musk Hints at Possible Dogecoin (DOGE) Usage for Tesla Vehicle Purchases
In Brief
Elon Musk recently shared his vision of integrating Dogecoin (DOGE) as a payment option for buying Tesla cars.
Leading automotive and sustainable energy figure Tesla , Elon Musk, discussed his potential plans to incorporate Dogecoin (DOGE) as a method for purchasing Tesla vehicles.
During a recent trip to Giga Berlin, when asked about making Tesla purchases with Dogecoin, Musk responded, \"When can you buy a Tesla with Dogecoin? I believe we should make that possible at some point. You can already buy Tesla merchandise with Dogecoin, which is pretty cool. So, let's take Dogecoin to the moon!\"
Since January 14, 2022, Tesla has allowed customers to buy merchandise using Dogecoin. Back then, the company made it clear that only Dogecoin payments were being accepted, and any other cryptocurrencies sent to Tesla wouldn't be refunded to the buyer.
In addition, Musk has publicly declared his affection for the dog-themed cryptocurrency on multiple occasions.
Elon Musk’s Crypto Engagement
Elon Musk is known for his fluctuating relationship In 2021, he expressed high hopes for Bitcoin (BTC), sharing plans for Tesla to hold its own Bitcoin assets through on-chain wallets. However, shortly afterward, he retracted his support for Bitcoin payments due to ecological issues related to Bitcoin mining. Bitcoin The Tesla CEO mentioned last year on social media platform X, previously known as Twitter, that the platform would “never” launch its own cryptocurrency token. Musk’s comments have continually influenced Dogecoin’s market value. His latest announcement arrives as the popularity of various meme-based coins surges.
As reported by CoinMarketCap, Dogecoin's value has increased by 6.9% over the past day, reaching $0.186 as of this writing. So far this year, the cryptocurrency has enjoyed a remarkable rise of over 158%. Dogwifhat (WIF) and Pepe (PEPE).
Musk's recent statement about potentially using Dogecoin for Tesla transactions reflects his ongoing engagement with the crypto world.
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In line with the Trust Project guidelines Alisa, a passionate journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast landscape of Web3. With a sharp eye for new trends and technologies, she provides in-depth coverage to keep readers informed and engaged in the fast-changing world of digital finance.
