Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE – Altcoins Bitcoin News

Tesla is now accepting dogecoin for some merchandise on its website. CEO Elon Musk made a promise he made in December that his electric car company would accept DOGE. Meanwhile, Tesla has not resumed accepting bitcoin.

Dogecoin is now accepted to select Tesla merchandise

Elon Musk’s electric car company, Tesla, has begun accepting dogecoin payments for some merchandise. “Tesla Merch is purchasable with dogecoin,” CEO Elon Musk announced early Friday morning on Twitter. He first tweeted in December of last year that Tesla would accept DOGE.

Tesla begins accepting Dogecoin payments - some merchandise can only be purchased with DOGE

After Musk’s tweet, the price of Dogecoin immediately rose by about 10% but has since lost most of its gains. The price of the crypto meme is $0.1913 at the time of writing based on data from Bitcoin.com Markets.

The Tesla store now has some items that can only be purchased with meme cryptocurrency. It includes a Cybertruck Graffiti Cuffed Beanie that costs 205 DOGE; Giga Texas belt clip costs 835 DOGE; Children’s Cyberquad team costs 1,2020 dogs; The Cyberwhistle costs 300 DOGE.

Tesla begins accepting Dogecoin payments - some merchandise can only be purchased with DOGE
An example of merchandise that can only be purchased with dogecoin on the Tesla website. Source: Tesla

Tesla website details:

Tesla only accepts dogecoin… Non-Dogecoin digital assets sent to Tesla will not be returned to the buyer.

Before Tesla activated the dogecoin payment option, some people on social media noticed that the source code on Tesla car payment pages contained the word “dogecoin”. However, Tesla has not made an announcement on whether dogecoin will be accepted to purchase cars.

Bitcoin.com News has verified that the code behind the payment page for the Tesla Model Y contains “dogecoin”.

Tesla begins accepting Dogecoin payments - some merchandise can only be purchased with DOGE
The payment page for a Tesla Model Y with a code showing “dogecoin”. Source: Tesla.

Musk, who was named Time magazine’s Person of the Year, has long been a supporter of Dogecoin. He has said many times that DOGE is better for transactions while Bitcoin is more suitable as a store of value.

In October of last year, the Tesla boss revealed that a lot of people he talked to on Tesla’s production lines or building rockets at Spacex owned DOGE. “They are not the financial experts or the technical experts of Silicon Valley. This is why I decided to support Doji — it felt like crypto people,” Musk explained.

Meanwhile, Tesla has not resumed accepting bitcoin for payments. The electric car company started accepting BTC in March of last year but stopped in May due to environmental concerns. Musk later said that Tesla will resume accepting BTC “when there is confirmation of reasonable clean energy use (~50%) by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions.”

However, Tesla still had BTC on its balance sheet of about $1.26 billion at the end of the third quarter. While the company does not own any DOGE, Musk previously said that he personally owns Dogecoin, Bitcoin, and Ether.

Tags in this story

Buy Doge, Buy Dogecoin, Dogecoin merchandise, Elon Musk Doji, Elon Musk Dogecoin, Pay Doge, Pay Dogecoin, Tesla, Tesla accept Dogecoin, Tesla accept Cryptocurrencies, Tesla accept Doji, Tesla Doji, Tesla Dogecoin, Tesla Dogecoin, Tesla Dogecoin Elon Musk

Do you think Tesla will soon accept dogecoin payments for all products? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, found bitcoin in 2011 and has been a missionary ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

photo credits: Shutterstock, Pixabay, Wiki Commons

disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Leave a Comment