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Elon Musk’s Tesla adds Dogecoin as a payment method

In this post:

  • Tesla, the company owned by Elon Musk, has announced that it will now accept Dogecoin as a payment method for some of its products.
  • Tesla has announced on its website that products eligible for Dogecoin payment will display the DOGE symbol next to the order button.
  • To make a purchase, buyers simply need to transfer Dogecoin to Tesla’s Dogecoin wallet and make the payment. 

Earlier in March, Elon Musk hinted Dogecoin could be accepted as payment for Tesla cars in the future. Today, that reality has come to life. As part of a recent update, Tesla, led by Elon Musk, has officially included Dogecoin as a payment option on its website. The payments page has been updated to now include Dogecoin, a popular crypto Coin among the crypto community.

Tesla starts support for Dogecoin

In March, Elon Musk enthusiastically promoted the meme coin to a crowd at the Tesla Gigafactory near Berlin, Germany. When questioned about the possibility of the electric vehicle manufacturer accepting Dogecoin as a payment method for its cars, Musk expressed his belief that the company should consider enabling this option in the future.

As part of a recent update, Tesla has officially included Dogecoin as a payment option on its website. The payments page has been recently updated to include Dogecoin, a popular crypto among the crypto community.

Nevertheless, DOGE is still the only form of payment accepted for merchandise in the online Tesla Shop. According to the addition, select products may now accept Dogecoin as a form of payment.

Only a Dogecoin wallet can be used to purchase Tesla products. All eligible Tesla products will have their prices clearly displayed in Dogecoin. The price will cover all relevant taxes, as stated in the FAQ.

Moreover, there are certain conditions to consider when making Dogecoin payments. There are a few important things to note. Firstly, we do not accept payments from multiple wallets for a single order. Additionally, once an order is placed, it cannot be canceled. Lastly, please be aware that returns are not applicable for items purchased with Dogecoin.

Tesla exclusively accepts Dogecoin as a form of payment. Tesla is unable to receive or detect any other digital assets. Make sure to use Dogecoin for your purchase.

Dogecoin spikes!!!

In January 2022, Elon Musk’s company decided to experiment by accepting Dogecoin for the first time. In the past, the tech mogul mentioned that it was an experiment to gauge its success. Several company products started being sold for DOGE, such as the Tesla Cyberwhistle and the “Giga Texas” belt buckle.

Currently, the value of Dogecoin (DOGE) stands at $0.1653, reflecting a 0.5% rise in the last hour and a 20.0% increase since yesterday.

Musk’s recent enthusiasm for dogecoin signals his reemergence in the public eye. He has consistently promoted the meme coin through multiple avenues, such as social media, media appearances (including a notable stint on “Saturday Night Live”), and even incorporating the “doge” meme into Twitter’s logo, replacing the iconic blue bird. 

Elon Musk also happens to own a pet Shiba Inu named Floki, which has served as the inspiration for a well-known meme crypto with the same the name. Dogecoin exhibits an exceptionally high level of volatility, even when compared to other cryptocurrencies. 

FAQs on the payment process

How can I make a purchase from Tesla using Dogecoin?

To make a purchase on the Tesla Shop using Dogecoin, you need a “Dogecoin wallet.” A Dogecoin wallet is a tool that facilitates Dogecoin transfers. It can be a device, platform, app, or software. When making a purchase with Dogecoin, the payment page will show you the Tesla Dogecoin wallet “address” in both alphanumeric code and QR code formats. 

This allows you to easily connect to your Dogecoin wallet and transfer the necessary funds. Ensuring the accurate transfer of Dogecoin to Tesla’s Dogecoin wallet falls under the purchaser’s responsibility.

How do I know how much Dogecoin to enter?

All eligible Tesla products will have their prices clearly displayed in Dogecoin. The price quoted will cover all relevant taxes.

“Note: The timer on the payments page will display the amount of time you have to complete your payment. If time expires, you will need to restart the order process. If the order process is restarted, your alphanumeric or QR code, Dogecoin wallet address and/or the Dogecoin price might be updated.”

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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