Plans to accept dogecoin as payment have been in the works for a while. In December, Musk tweeted that “Tesla will make some merch buyable with Doge & see how it goes .” Musk is a high-profile supporter of dogecoin and his tweets often move the price of the cryptocurrency.
Read moreWhat did Elon Musk say about Dogecoin?
Tesla CEO Elon Musk believes that even though Dogecoin was created as a silly joke, it is much better suited for transactions than Bitcoin . In a recent interview with TIME magazine, after being named TIME’s Person of the year, he said, “Fundamentally, Bitcoin is not a good substitute for transactional currency.”
Read moreIs Elon Musk going to buy Dogecoin?
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. Mr Musk announced the development on Twitter on Friday, a month after hinting of the plans.
Read moreWhat will Elon Musk do with Dogecoin?
The bitcoin network, through a process called mining, uses large amounts of energy. Dogecoin uses significantly less energy, according to analysis by TRG Datacenters. Musk said last year that he would work with dogecoin developers to improve the efficiency of transactions .
Read moreWhat did Elon Musk tweet?
Elon Musk tweeted an image of Adolf Hitler in a debate over Canada’s vaccine mandate . Tesla CEO Elon Musk says he is pro vaccine, but anti-vaccine mandate. He reiterated that sentiment on Thursday morning with a tweet likely to create controversy.
Read moreIs Elon Musk involved with Dogecoin?
Back in July 2021, Tesla CEO Elon Musk confirmed publicly during a conference that he owns a few cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin , but he has repeatedly favoured the latter in interviews and posts on social media.
Read moreWill Tesla accept 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.
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