Elon Musk wrote on his Twitter that Tesla will start accepting payments in Dogecoin. In addition, Tesla's boss openly admits that he recognizes Dogecoin's superiority over Bitcoin in many respects.
During an interview with Time Magazine, Musk said, “ Bitcoin is not a good substitute for a trading currency. Even though it was created as a silly joke, Dogecoin is better suited for making trades. The total cash flow that is performed with Dogecoin, similar to daily transactions, has a much higher potential than with Bitcoin "
The arguments put forward by Musk then prompted the decision to try DOGE to pay for Tesla's products, apparently, however, purchases will be limited to certain accessories and products sold by the company. Tesla will try how this payment model works and will decide whether to continue it.
Earlier this year, Tesla accepted Bitcoin for payment for its cars. However, she later withdrew from this decision, explaining that Bitcoin had a negative impact on the natural environment. Mining BTC consumes huge amounts of electricity, and this for Elon Musk makes it impossible to implement cryptocurrencies in global payments.
In an interview with Time Magazine, Musk puts forward quite different arguments, primarily the high costs of transactions in the Bitcoin network. This may mean that, contrary to earlier assurances, BTC will not be re-accepted as a form of payment for Tesla cars.
This is the next chapter of the endless epic called "Elon Musk and Dogecoin". The DOGE price quivered slightly after this statement, but it failed to overcome the negative sentiment currently prevailing in the cryptocurrency market.
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