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Tesla now accepts Dogecoin payments for some of its merch

Tesla now accepts Dogecoin payments for some of its merch
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Tesla allows customers to purchase specific items with Dogecoin, according to the website and a tweet From CEO Elon Musk. You can now get a Cyberwhistle for 300 dawgs ($58), a Giga Texas Belt Buckle for 835 dawgs ($161) and a Cyberquad for Kids for 1,2020 dawgs or $2320. According to the store, Dogecoin is now the only way to purchase these items as the cash option no longer appears.

Musk has been interested in Dogecoin recently, after discussing in May the cryptocurrency’s potential “efficiency” compared to Bitcoin. Then in December, he chirp That the company would “make some items purchasable with Doge to see how it goes”. Following Musk’s announcement today, the price of Dogecoin has increased by about 14 percent in the past 24 hours.

Tesla accepted Bitcoin as payment for its cars in February 2021, but halted the initiative less than two months later citing Bitcoin’s environmental impact. “Cryptocurrency is a good idea on so many levels…but that can’t be at such a huge cost to the environment,” He said on Twitter on time.

Dogecoin uses less mining power, mainly because it is worth less than Bitcoin. Musk said last year that he was working with Dogecoin developers to improve its efficiency, although there is no clear way yet to do so without reducing its value. However, Jack Dorsey, CEO of Block, has just announced plans to build an open bitcoin mining system that will make that cryptocurrency more “distributable and efficient.”

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