Elon Musk and dogecoin are one of the most iconic duos of 2021. It seems that this is not the end of the eccentric billionaire's involvement in the DOGE-related activity, because as it turns out, Tesla, of which Musk is the CEO, is working on the possibility of implementing payments in a doggy memecoin.
- A month ago, Musk announced the possibility of introducing payments in DOGE
- From Friday, January 14, you can buy small gadgets and gifts in the Tesla online store
- You can only pay for some products using DOGE
- More interesting articles can be found on the Comparic.pl home page
Tesla introduced payments in DOGE for gadgets
Dogecoin can be used for payments in Tesla's online store. At the moment, it is possible to buy Tesla-related gadgets, mainly clothing. The new functionalities were advertised by Elon Musk himself on his twitter profile:
- Tesla's clothing gadgets are available for purchase in Dogecoin. - announced the CEO of Tesla Inc. and SpaceX.
It is currently unclear if and when Tesla can finally accept payment for its vehicles in dogecoin, which Musk previously said may be his favorite cryptocurrency.
The possibility of buying gadgets for DOGE is available not only to US customers. Interestingly, at the time of writing, DOGE seems to be the only way to buy certain items as the regular payment methods have disappeared for them. This is the case with this purchase of "S3XY" (this acronym is a collection of vehicle model names offered by Tesla):
As a reminder, for just over two months, from February to May 2021, Tesla accepted Bitcoin payments for cars produced by the company. However, the company withdrew from this practice due to the environmental problems of using bitcoin, namely the high energy consumption required to operate the network. We wrote about it here: The price of Bitcoin has collapsed as a result of Tesla's decision to withdraw payments in BTC
Back then, Musk argued the Tesla movement as follows:
- Tesla suspended the possibility of buying vehicles using Bitcoin. We are concerned about the growing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of all of them. - emphasized the CEO of Tesla Inc. - Cryptocurrencies are a good idea for many reasons, and we believe it has a promising future, but this must not become a huge cost to the environment.
See also: PayPal is considering issuing its own stablecoin
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