Is Elon Musk buying Dogecoin?

Tesla CEO Elon Musk has announced that the company’s supercharging station will accept cryptocurrency Dogecoin as payment . Santa Monica Supercharger will officially accept Dogecoin as payment, making it the first Supercharger in Tesla’s network to accept the crypto as a payment method.

“Tesla will make some merch buyable with Doge & see how it goes ,” Musk tweeted at the time on Twitter TWTR, -1.12% . As for what merchandise specifically can be bought with Dogecoins, Tesla’s website listed a cyberwhistle for 300 Doge on its website, while 12020 Doge will buy a Cyberquad for kids.

Elon Musk, Tesla’s founder and CEO, again threw his weight behind the meme-inspired cryptocurrency dogecoin. In a tweet on Jan. 14, Musk announced that Tesla is accepting dogecoin —”people’s crypto“—as payment for some merchandise on its website.

When asked why he supports Dogecoin, Musk responded on Twitter: “Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the people’s crypto. “