Tesla buyers pay with Dogecoin| MENAFN.COM

Tuesday, 27 September 2022 09:10 GMT

Tesla buyers pay with Dogecoin


(MENAFN) Tesla, the electric car manufacturer led by billionaire Elon Musk, begun to accept Dogecoin as payment for purchasing Tesla products; it’s good to note that Dogecoin initially wasn’t a serious cryptocurrency.

On Friday, Mr. Musk broke the news on Twitter, a month since he teased the intentions. The announcement caused Dogecoin's rate to skyrocket, nevertheless it plummeted shortly after.

Mr. Musk's remarks have always had a significant impact on the value of cryptos; such as Dogecoin and Bitcoin.

The announcement comes a month after Mr. Musk suggested Tesla will try out the digital currency as a form of payment, escalating Dogecoin prices up by more than 14 percent at once.

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