$ 19,016.57
$ 1,058.62
$ 1.00
$ 0.448904
$ 0.312722
$ 1.00

Elon Musk Reveals “Dogecoin Acceptable As Payment For Tesla Merch”

Elon Musk Reveals "Dogecoin Acceptable As Payment For Tesla Merch"

Recently, the CEO of Tesla came out with an announcement that Dogecoin (DOGE) is now an acceptable payment method for Tesla merch. 

Elon Musk, the CEO of Tesla Inc, announced on Tuesday that the electric vehicle maker would accept Dogecoin (DOGE) as a form of payment for a limited time. Adding on, Tesla users may use Dogecoin to purchase items ranging in price from $50 to $1,900, according to Musk.

Via Twitter, Musk stated that Tesla will select items purchasable with Dogecoin and see how that goes. 

The Influence of Musk’s Tweets

Musk’s cryptocurrency tweets have a huge impact on public opinion, henceforth affecting the rising value of some coins. One worth mentioning is “the people’s cryptocurrency,” as titled by Musk. This memecoin’s value had surged 5,859 percent over the preceding year. 

Regarding his decision about Dogecoin, Musk states that users can buy a wide range of items starting from $50 up to $1,900.

The world’s foremost electric manufacturer sells a variety of products. Its product list includes equipment, belt buckles with the “Giga Texas” insignia, and miniature replicas of its vehicles. Moreover, a special product it produces is a novelty item that uses the much-anticipated Cybertruck as inspiration – and that’s “Cyberwhistle.”

Musk was named “Person of the Year” by Time Magazine in 2021. In a recent Time Magazine interview, he defends Dogecoin and claims that it is far superior for transactions. Additionally, he notes that Bitcoin (BTC) is not a good solution for microtransactions. 

Back in May, the CEO of Tesla asked his Twitter followers to vote whether the company should allow payments in Dogecoin. He referred to Dogecoin as a “hustle” during his May debut as a guest presenter on Saturday Night Live.

In conclusion, Elon Musk has over 66 million Twitter followers and has been active during this year’s holiday shopping rush.

Also read: 

Elon Musk – The Business Tycoon and His Relationship with Crypto

Dogecoin vs. SHIBA INU – Battle of the Memecoins

Traders Are Split on Whether Bitcoin Will Continue Rising

Gap Makes Debut on Tezos by Launching NFT Collection

Also read:

Related News

Updates have been provided on the current service freeze and new recovery efforts were outlined by the company.

Potential Solutions Are Being Considered By Celsius

Strategic deals and liabilities restructuring are being explored by Celsius. Updates have been provided on the current service freeze and new recovery efforts were outlined by the company. On June 12th, all transitions, withdrawals, and swaps were put on pause by Celsius and as of now, the company is looking for ways to recover. “Important steps to preserve and protect assets and explore options” are being taken by the company, per

Read More »
As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD).

Withdrawal Resumption Plan Is Not Moving Forward, CoinFLEX Backs Down

Withdrawals will not be resumed as anticipated, following a halt last week, CoinFLEX announced. As the withdrawal function remains halted, the company is continuing to engage with investors interested in the Recovery Value USD (rvUSD). After the token sale is completely carried out, CoinFLEX will disclose the process for permitting withdrawals, stated CEO Mark Lamb. “Extreme market conditions and continued uncertainty involving a counterparty” led CoinFLEX to hit a pause

Read More »
Just recently, the company had to reduce over 1% of its global workforce, making Coinbase vulnerable to the current market crash.

Coinbase Looking to Expand In Other Countries

Following the layoffs and rescinding of employment offers, the cryptocurrency exchange Coinbase intends to grow deeper into Europe. The intentions to register in nations such as Italy, Spain, France, and the Netherlands, were announced by Nana Murugesan, vice president of the California-based crypto exchange. Countries such as Germany, Ireland, the United Kingdom, and even Switzerland, where the first employee was hired recently, already have Coinbase as a licensed crypto exchange.

Read More »

My Coins

$ 19,016.570.53%
$ 1,058.621.91%
$ 0.4489041%
$ 1.000.13%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: