Posted: March 14, 2024 5:19 AM Updated: March 14, 2024 5:20 AM
Correction and fact check date: March 14, 2024, 5:19 AM
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Elon Musk has announced potential plans to integrate the Dogecoin (DOGE) cryptocurrency as a means of purchasing Tesla cars.
Elon Musk, CEO of automotive and clean energy company Tesla, has announced plans to possibly incorporate the Dogecoin (DOGE) cryptocurrency as a means of purchasing Tesla cars in the future.
Elon Musk answered a question about buying a car with Dogecoin during a recent visit to the company’s manufacturing plant, Giga Berlin, asking, “When can I buy a Tesla with Dogecoin? I think we need to enable this at some point. You can purchase Tesla products with Doge. It’s really good. So Dogecoin headed to the moon.”
The automaker has already activated the purchase of goods using Dogecoin from January 14, 2022. At the time, the company stated that it only supported Dogecoin payments and that any digital assets other than Dogecoin sent to Tesla would not be refunded. the person who lives.
Additionally, Elon Musk has expressed his love for dog-themed meme coins several times before.
Elon Musk’s participation in cryptocurrency
Elon Musk is known for his volatile relationship with cryptocurrencies. In 2021, he initially appeared bullish on Bitcoin (BTC), revealing plans for Tesla to hold its own Bitcoin through an on-chain wallet. However, shortly after, Elon Musk reversed his policy of accepting BTC payments for Tesla cars, citing environmental concerns related to Bitcoin mining.
Last year, Tesla’s CEO stated in a post on social media platform X that the platform formerly known as Twitter would “never” introduce cryptocurrency tokens. Elon Musk’s comments have continued to impact Dogecoin’s value. The latest announcement comes amid the growing popularity of other memecoins, including Dogwifhat (WIF) and Pepe (PEPE).
According to data from CoinMarketCap, the price of Dogecoin has risen 6.9% over the past 24 hours, reaching $0.186 at the time of this writing. To date, the cryptocurrency has experienced a surge of over 158%.
Elon Musk’s announcement regarding the possible integration of Dogecoin for Tesla purchases highlights his continued involvement in the cryptocurrency sector.
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Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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