Technology

Elon Musk Now Lets You Buy Tesla Merchandise With Dogecoin, Send Meme-Based Crypto Value Soaring

TESLA CEO Elon Musk has announced that customers can now purchase select items using Dogecoin, sending the cryptocurrency soaring.

The cryptocurrencies based on meme rose 18% following the announcement on Friday.

Elon Musk's Tesla Now Accepts Dogecoin As Payment For Merchandise

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Elon Musk’s Tesla Now Accepts Dogecoin As Payment For Merchandise

Tesla goods that can be purchased with Dogecoin, “Musk tweeted on Friday

Some of the goods that can be purchased with Dogecoin include Cyberquad for Kids (12,020 Doge, or about $2,320), Giga Texas belts ($835 Doge, or about $161), and Cyberwhistle (300 Doge, or about $58). la).

Initially, Musk announced that Dogecoin would be used as a currency for commodities on a trial basis in a tweet in mid-December.

That announcement also caused the value of the meme-based cryptocurrency to skyrocket by more than 20%.

It is unclear whether Doge, which Musk has asserted time and time again could be “his favorite cryptocurrency”, will ever be used to purchase Tesla Vehicles.

Tesla accepted Bitcoin as its accepted currency for over a month in February 2021 but quickly halted the operation citing concerns about Bitcoin’s ecological footprint.

“Cryptocurrency is a great idea on many levels, and we believe it has a promising future, but this cannot come with a hefty price tag on the environment,” said Elon Musk.

On the other hand, Dogecoin mining doesn’t even scratch the surface when it comes to the amount of energy Bitcoin consumes but that doesn’t mean it won’t happen one day, according to TRG Datacenters,

Musk has been very active in supporting the meme-based cryptocurrency, and he even has plans to send a SpaceX satellite called DOGE-1 to the moon in the future.

“I talked to a lot of people on the production line at Tesla or building rockets at SpaceX Own Doge,” Musk told CNBC in October.

“They are not financiers or technologists in Silicon Valley. That’s why I decided to support Doge, it’s like everyone’s cryptocurrency,” he added.

Dogecoin became popular after Dogecoin-mees started taking over the internet

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Dogecoin became popular after Dogecoin-mees started taking over the internetCredit: Getty
Elon Musk sends Bitcoin, Dogecoin and Etherium PLUNGING values ​​with Linkin Park meme tweet about ‘the end’

In other news, China has built an ‘artificial moon’ to train astronauts for future missions.

ONE Rugby ball planet has been detected outside our Solar System and scientists call it a distortion.

And, Nasa thought James Webb . Space Telescope likely to be hit by falling space debris.

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https://www.the-sun.com/tech/4464094/elon-musk-tesla-dogecoin/ Elon Musk Now Lets You Buy Tesla Merchandise With Dogecoin, Send Meme-Based Crypto Value Soaring

TaraSubramaniam

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