Some of Tesla's products have begun to accept Dogecoin payments. CEO Elon Musk made good on his december promise that his electric car company would start accepting Dogecoin payments. However, Bitcoin payments have not yet been resumed.
Tesla accepts Payments from Dogecoin
Elon Musk's Tesla merchandise has begun accepting Dogecoin payments. Musk announced on Twitter Friday morning that "Tesla merchandise can be purchased with Dogecoin." He tweeted in December that Tesla would accept Dogecoin payments.
After Musk tweeted, Dogecoin rose about 10 percent, but then fell back. Internet data shows that Dogecoin is now priced at $0.1913.
Some Tesla merchandise have already begun to accept cryptocurrency payments. These include a hat that costs 205 Dogecoin, a belt buckle for 835 Dogecoin, a children's electronic toy for 12,020 Dogecoin, and a whistle for 300 Dogecoin.
Accepts payments from dogs
Tesla website announcement:
Tesla's website only accepts Dogecoin payments, and will not be refunded if other currencies are received.
Before Tesla accepted Dogecoin payments, it was already discovered that the word Dogecoin appeared in the source code of the payment system on Tesla's automotive website. But Tesla has so far announced that it can buy cars through Dogecoin.
The media also confirmed that there is "Dogecoin" in the source code of Tesla's payment page.
The source code of the payment system shows "Dogecoin"
Musk has always been a supporter of Dogecoin. He has repeatedly said that Dogecoin is suitable for trading, while Bitcoin is suitable for store of value.
Last October, Musk said he had spoken to a lot of people on Tesla's production lines, as well as Spacex. These people who aren't financial experts or Silicon Valley technologists know Dogecoin, which is why he decided to support Dogecoin.
So far, Tesla has not resumed Bitcoin payments. Tesla accepted bitcoin payments in March last year, but stopped in May due to environmental concerns. At that time, Musk said that in the future, when more than 50% of the energy used in Bitcoin mining is used in clean energy, Bitcoin payments will be resumed.
According to the third quarter of last year, Tesla's current bitcoin holdings are worth about $1.26 billion. The company does not currently hold Dogecoin. But Musk personally said he holds Dogecoin, Bitcoin and Ethereum.