What is Elon Musk crypto coin?

Singapore Meme-based cryptocurrency dogecoin jumped on Friday after Tesla (TSLA) chief Elon Musk said the electric carmaker will accept it as payment for merchandise . “Tesla merch buyable with Dogecoin,” Musk tweeted.

Tesla Inc merchandise can be bought using the digital currency dogecoin , the electric-car maker’s Chief Executive Officer Elon Musk said in a tweet on Friday.

Musk has been a longtime champion of the cryptocurrency, tweeting, “Dogecoin is the people’s crypto,” last February. Dogecoin started as a spoof coin featuring the face of a Shiba Inu and has steadily risen in value, reaching over ten cents in April of 2021.

Tesla, the electric carmaker headed by billionaire Elon Musk, has started to allow people to buy brand merchandise using Dogecoin, a cryptocurrency initially started as a joke.