Tesla, the electric car company, has begun to price some of its items in Dogecoin, the first joke cryptocurrency.
According to CoinMarketCap data, the price of the Shiba Inu-inspired coin has increased by more than 12%.
The DOGE emblem i adjacent to the Tesla Cyberwhistle. Then, and the “Giga Texas” belt buckle by some Twitter users earlier today. Which, includes Dogecoin co-founder Billy Markus.
Tesla does not accept Dogecoin for electric vehicles. Although the largest meme coin can theoretically be for the purchase of an electric vehicle. DOGE can be to purchase Tesla’s Cyberquad, a $1,900 quad bike built for kids.
Tesla CEO Elon Musk said in December that select items would be available for purchase with Dogecoin. Thereby, providing the cryptocurrency a big boost after months of sluggish price action.
After reviewing the website’s source code, “Tree of Alpha,”
Of course, a pseudonymous software developer, realized that Tesla is already testing a Dogecoin payment option earlier this week.
Tesla states in its FAQ section that it does not accept any other cryptocurrency but Dogecoin.
In May 2021, the e-car behemoth experimented with Bitcoin payments before abandoning them owing to environmental concerns. Despite this, the firm led by Elon Musk continues to possess the largest cryptocurrency on its books.
When compared to Bitcoin, the billionaire has said that Dogecoin is a preferable payment option.
The release of Dogecoin Core version 1.14.5 significantly decreased costs for all network members.