Tesla CEO Elon Musk said Friday that the electric car maker will accept meme-based digital currencies Dogecoin for goods.
“Tesla merch can be bought with Dogecoin”, musk said in a tweet.
According to the news, Dogecoin rose to $ 0.20.
Tesla sells clothing, “Giga Texas” belt buckles and miniature models of its vehicles, as well as quirky limited-edition items such as the “Cyberwhistle”, which is modeled on the long-awaited Cybertruck.
After vouching for Bitcoin, Tesla CEO Elon Musk now supports Dogecoin Cryptocurrencyto even call him “dog father”.
Dogecoin is a cryptocurrency that was invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system. Almost 113 billion coins have already been mined.
In addition, Musk previously confirmed that the company will “most likely” resume payment for Bitcoin after carefully considering improvements to the energy mix used to mine the cryptocurrency.
“I wanted a bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50 percent and that there is a trend to increase that number, and if so, would Tesla accept Bitcoin again,” said Musk said.
“The answer is most likely that Tesla will accept bitcoin again,” he added.
Musk also confirmed that in addition to Tesla’s investments, he has a significant personal investment in Bitcoin, and he has smaller ones ether and Dogecoin stocks.