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Elon Musk: 'Tesla officially allows Dogecoin as a means of payment'

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Tesla CEO's latest move towards Dogecoin

Tesla CEO Elon Musk continues to show his support for Dogecoin.

In a recent Tweet, Musk said Tesla has allowed payments in Dogecoin, months after halting Bitcoin payments due to environmental issues.

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“Tesla has enabled Dogecoin as a means of payment,” Musk said. However, currently, only a few Tesla products are supported for Dogecoin payments.

After the above announcement, DOGE price increased 17.4% compared to 24 hours ago, hovering at $ 0.194 at the time of writing.

DOGE price chart

The support of Elon Musk for Dogecoin rose to another level when Tesla decided to enable payments in DOGE for its products.

Tesla latest announcement about Dogecoin

Recently, on the homepage, Tesla answered some questions about paying with Dogecoin for customers:

  • Users who pay with DOGE need to have an e-wallet, and transfer money via alphanumeric code or QR code once connected.
  • All Tesla products will soon be priced explicitly in Dogecoin (currently the price remains in fiat).
  • In addition, Tesla also reminds customers when paying with DOGE that: “Transactions purchased with Dogecoin will not be returned, exchanged or cancelled.”
  • “Dogecoin is currently the only cryptocurrency the company accepts,” Tesla stressed.

See the full announcement here: https://www.tesla.com/support/dogecoin?redirect=no

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