Mullen Automotive has announced that it will now accept cryptocurrencies for the purchase of its commercial electric vehicles. This move has garnered interest from investors and customers alike.
Mullen Automotive's Cryptocurrency Acceptance
Mullen Automotive Inc. has started accepting Bitcoin and the TRUMP meme coin as payment methods for their vehicles. According to the company, this decision will attract new clients among crypto traders. Additionally, the company plans to expand its list of accepted cryptocurrencies in the near future.
Impact on Mullen's Stock Price
The news of cryptocurrency acceptance has led to a 2.07% increase in MULN stock in pre-market trading, bringing it up to $0.7758. This increase follows a significant drop of 15.5%, highlighting the volatility in the company's stock prices.
Cryptocurrency Market Amid Mullen News
Despite the positive news for Mullen, cryptocurrencies Bitcoin and TRUMP saw declines in their values. Bitcoin fell by 1.07% and was trading around $106,801, while TRUMP decreased by 1.32%, reaching $8.90. The new cryptocurrency payment initiatives reflect on the broader market and its dynamics.
Mullen Automotive's acceptance of cryptocurrency illustrates the growing interest in digital payments, although the impact on the overall cryptocurrency market remains mixed. The company aims to continue its development in this area by broadening its payment options.
