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

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Blockchain.com and NYSE Join Forces to Launch Tokenized Trading Platform

Blockchain.com and the New York Stock Exchange have signed an agreement to develop a platform for trading tokenized US stocks and ETFs.

user avatarLeo van der Veen

Circle Launches StableFX for Onchain Foreign Exchange

Circle has launched StableFX, a service for institutions to exchange stablecoin-denominated currencies on its blockchain, Arc, enabling 24/7 currency exchanges and improving foreign exchange efficiency.

user avatarLi Weicheng

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.