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.
Tesla merch buyable with Dogecoin
— Elon Musk (@elonmusk) January 14, 2022
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.