Elon Musk, the founder of Tesla, hinted at the possibility of the electric car company officially accepting Dogecoin as a payment method for purchasing Tesla cars in the future.
Musk made these remarks during his visit to the Tesla manufacturing plant in Germany, where he expressed positive sentiments towards Dogecoin, referring to it as the “people’s crypto” and expressing his support for it. Following Musk’s endorsement, Dogecoin experienced a notable 9.3% surge in its price.
However, Musk did not provide any specific details regarding the timeline for enabling Dogecoin payments for Tesla cars.
Currently, buyers can already purchase Tesla’s branded merchandise using Dogecoin on the company’s website. Musk has consistently backed Dogecoin over the years, often promoting it on social media platforms and in interviews.
Tesla initially started accepting Dogecoin payments in January 2022. There is also speculation about Musk’s social media platform, X, potentially introducing an in-app payment service, although it remains unclear whether this feature will support cryptocurrency payments or specifically include Dogecoin.
If Tesla were to start accepting Dogecoin as payment for its cars, it would mark a significant milestone in the integration of cryptocurrencies into mainstream commerce, blurring the lines between digital currencies and traditional financial systems.
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