Chairman Tesla Inc.
Elon Musk said on Tuesday the electric car maker would receive Dogecoin as payment for merchandise based on tests, sending Meme-based cryptocurrency more than 20%.
“Tesla will make some merches can be purchased with Doge & see how it goes,” Musk said in a tweet.
Carmaker shares fell 3% in early trade, amid a wider market decline.
[.N] Dogecoin, popular among retail investors, runs up to $ 0.20 after a tweet.
Tweet Musk on Cryptocurrency, including where he called it “Crypto People”, has helped Meme Coin soar 5.859% over the past year, according to data from the coinbase website.
“Elon Musk has become an advocate for the Crypto community for many years.
The latest announcement will deliver a new era of trade and trailblaze lanes for Altcoin to expand their use cases,” said Chris Kline, Co-Founder Bitcoin Ira.
Musk did not determine what merchandise, which prices start at $ 50 and as high as $ 1,900, can be purchased with dogecoin.
Tesla sells clothes, buckle belts ‘giga texas’ and mini vehicle models and unique limited edition items such as ‘cyberwhistle’, which are modeled after cybertruck that is widely awaited.
Recently launched a quad ‘cyberquad’ motorbike for kids, also modeled after the truck.
Musk, Cryptocurrency supporters, often ratified Dogecoin and said it was better for transactions, last in an interview to Time magazine, which named it “this year” for 2021 on Monday.
He has asked users in May if they want Tesla to accept Dogecoin in the Twitter poll.
He has called Dogecoin ‘crowds’ during the hosts host on TV comedy sketch “Saturday night” in May.
Musk, which has more than 66 million followers on Twitter, has been very involved in the Frenzy trading trading this year, tweeting about Cryptocurrency and help send their prices to soar.
EV makers stopped receiving Bitcoin for car purchases, less than two months after the company began receiving the world’s largest digital currency for payment.
“This is more or less noise in Tesla,” Tom Martin, a senior portfolio manager at Globalt Investment said.
“I looked at him as agile or just having fun.”
Tesla received Dogecoin as a payment for merchandise, said Musk
