Elon Musk has suggested that in the future Tesla may start accepting Dogecoin as a means of payment for its cars

Elon Musk has suggested that in the future Tesla may start accepting Dogecoin as a means of payment for its cars

user avatar

by Max Nevskyi

3 years ago


Elon Musk held a meeting with visitors at the Berlin-Brandenburg gigafactory, where Tesla electric cars have been manufactured since the plant opened in the spring of 2000. One of the participants of the event asked Musk about the possibility of purchasing a Tesla car for Dogecoin in the future. In response, Musk responded positively to the idea, saying that it could be implemented at some point. This reaction sparked enthusiasm among investors, and the market price of Dogecoin increased dramatically. By the time of writing, the Dogecoin price had increased by 9.3%, jumping from the level of $ 0.172 to $0.188.

Tesla began accepting DOGE as payment for its goods from the year two thousand twenty-two. Musk began actively supporting Dogecoin after an appeal from several employees of the Tesla gigafactory, who called on the CEO to support Dogecoin as an official payment method. A similar request was also received by Musk from SpaceX visitors. According to Musk, Dogecoin is the cryptocurrency of the people, so he expressed his support. He also noted that Bitcoin has received support from many rich people, and he wants to support the cryptocurrency, which is popular among a wide audience.

The creation of an XPayments account in the "Elon Musk X social network" (formerly Twitter) caused further speculation in the crypto community regarding the possible introduction of cryptocurrencies. It is expected that by the middle of the twenty-fourth year, payment services will appear in Appendix X. However, it is unclear whether these services will support payments beyond traditional national currencies.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

SoFi Introduces SOFIE Tokenized Deposit for Earning Interest

SoFi has launched a new tokenized deposit product named SOFIE, allowing consumers to earn interest on dollar balances while facilitating blockchain transfers.

user avatarJesper Sørensen

Chainlink and LG CNS Join Forces to Enhance Digital Asset Infrastructure in South Korea

Chainlink and LG CNS have announced a partnership to enhance oracle and crosschain infrastructure for South Korea's financial institutions.

user avatarRajesh Kumar

HSBC Introduces RedCoin for Consumer Payments

HSBC has launched RedCoin, a stablecoin backed by the Hong Kong dollar, for consumer payments through its PayMe app.

user avatarLucas Weissmann

CME Group Achieves Record Revenue and Trading Volume in Q3

CME Group reports a remarkable 13% increase in Q3 revenue, reaching $17.373 billion, with an average daily trading volume of 294 million contracts.

user avatarFilippo Romano

Zcash Investment Product Sees Significant Inflows

Demand for the Zcash investment product tracked under ticker ZCSH surged on October 21, marking a notable recovery after earlier withdrawals.

user avatarEmily Carter

BTCPay Server Documentation Guides Merchants on Payment Integration

BTCPay Server provides documentation for merchants on how to connect its payment system to WooCommerce, emphasizing the importance of maintaining all components.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.