Tesla CEO Elon Musk sent shockwaves throughout the cryptosphere with a stunning revelation about the leading meme coin, Dogecoin (DOGE).
Musk asserted that customers would eventually be able to buy electric cars with Dogecoin while interacting with the public at the company’s manufacturing plant, Giga Berlin.
Tesla To Introduce DOGE Payment Option
During a recent visit to the Berlin Gigafactory, an audience member asked Elon Musk about Tesla car purchases with Dogecoin (DOGE). Musk responded gleefully:
“At some point, I think we should enable that. You can buy Tesla merch with DOGE, which is cool. So, Dogecoin to the moon.”
Elon Musk at Giga Berlin today.
“When will I be able to buy a Tesla with dogecoin?”
“At some point I think we should enable that.”pic.twitter.com/Suk7bifuHC
— Sir Doge of the Coin
(@dogeofficialceo) March 14, 2024
Musk’s response was welcomed by Dogecoin holders as the price of the prominent canine-themed cryptocurrency rose over 8% from $0.1714 lows to $0.1858 at press time, as the video made rounds on the X (formerly Twitter) platform.
Musk has long voiced his fondness for Dogecoin numerous times, touting it as the people’s currency. His collaboration with Dogecoin developers to enhance the coin underscores its evolution from a joke to a mainstream cryptocurrency. Speaking at Giga Berlin, the tech mogul noted that Bitcoin (BTC) received a lot of support from wealthy people, so he wanted to champion a cryptocurrency that is preferred by the general public.
Musk’s Tesla already accepts DOGE payments for merchandise purchases in the electric car maker’s store. Earlier in January, Musk-owned X indicated that it would roll out an in-app payments service this year, and the billionaire has previously stated it could feature crypto assets.
There has been no official communication on whether the feature will integrate Dogecoin, although such speculations of mainstreaming DOGE aren’t completely unfounded. Last April Musk teased DOGE payments on X, proposing Dogecoin as one of the payment options for Twitter Blue.
With Elon Musk’s continued endorsement of DOGE, the launch of a Dogecoin payment option for purchasing Tesla cars remains a closely watched and much-awaited development.
