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Tesla Now Accepting Dogecoin for company merchandise Payments

The Tesla boss has announced that merchandise on the Tesla store will now be available to buy via Dogecoin.

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Photo by twenty20photos / Envato / Blockwatch

The price of Dogecoin has surged to a monthly high above $0.2 on Friday morning, in response to the news that the meme coin is now applicable to use for payments at the Tesla Store.

A known supporter of the meme coin and Tesla boss, Elon Musk, took to Twitter and said the company’s merchandise will now be available to buy using Dogecoin.

At the moment, of course, there are but a few items that are available to buy from the Tesla store using DOGE, which includes the Giga Texas Belt Buckle, sitting at 835 DOGE, a Cyberwhistle for 300 DOGE, and a kids Cybersquad, available for 12,020 DOGE.

In 2021, Tesla began accepting Bitcoin as payment for its electric vehicles, though the company dropped the pilot in the midst of concerns regarding the leading cryptocurrency’s impact on the environment being negative.

Musk has at one point described himself as “The Dogefather,” and has had a pretty long relationship with the meme cryptocurrency.

He’s advocated for the cryptocurrency for quite a while, now, even pushing the idea of using it for payments. Back then, SpaceX, his rocket company announced a Moon mission in 2022, the payload for which was entirely paid with this coin.

He also suggested last year the Dogecoin has the potential to beat Bitcoin “hands down,” during which he revealed to be teaming up with Dogecoin dev’s in a bid to make the cryptocurrency cheaper and energy-friendly.

It’s undeniable that Dogecoin has definitely benefitted from Musk’s interest, the multiple tweets from him definitely contributing to its surge on more than a few occasions.

Last month, he once more pledged his loyalty to the meme coin in a Web3 Twitter spat started by Jack Dorsey, where he mentioned he was “pro Doge.”

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