Tesla will begin to accept the dogecoin cryptocurrency as a form of payment in some products of the company, although not in vehicles, as reported on Tuesday (14.12.2021) through his Twitter account the CEO of the company, Elon Musk.
The South African billionaire, named yesterday as the personality of the year by the American magazine Time, said that “Tesla will allow some products to be bought with Doge and see how it goes”, without offering more details.
The manufacturer of electric vehicles sells in its virtual store from clothing to accessories for its vehicles, as well as wireless chargers for cell phones or parasols with prices ranging from 50 to almost 2,000 dollars.
Tesla will make some merch buyable with Doge & see how it goes
— Elon Musk (@elonmusk) December 14, 2021
Increase in the value of cryptocurrency
After Musk’s tweet, the value of the cryptocurrency increased by 24%, although it subsequently lost part of what it gained and at 16.45 GMT it was trading at $ 0.19 per coin.
Dogecoin or doge is a cryptocurrency whose symbol is the face of a dog of the Japanese shiba inu breed that emerged in 2013 as a digital joke – or meme – and that Musk has promoted in the past.
Nearly a year ago, Musk tweeted a cryptic message, “one word: doge,” that sparked the cryptocurrency’s rise. Since then, the Tesla boss has regularly posted doge-related content on Twitter.
Dogecoin over bitcoin
Doge isn’t the only cryptocurrency Musk has promoted. In February of this year, Musk announced that Tesla would invest $1.5 billion in the purchase of bitcoins and that it would accept payment in this currency for the acquisition of vehicles.
Subsequently, in May, Musk backtracked and said that Tesla would stop accepting bitcoins, which caused the value of the cryptocurrency to plummet. The entrepreneur justified the decision by the environmental cost of mining the world’s most popular cryptocurrency.
