Tesla launches Dogecoin payments for merch but there is a catch
Tesla starts accepting Dogecoin payments for company merchandise. However, the firm states that they will not issue refunds for DOGE purchases. Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet. While it's accepting DOGE, the firm also clarified that they are not taking any other crypto. The company states that it cannot detect other assets but DOGE on its website. The business tells customers that "non-Dogecoin digital assets....
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DOGE will be the only cryptocurrency that Tesla currently supports once payments begin. Dogecoin (DOGE) saw a sudden price increase on Dec. 14 after Elon Musk announced that Tesla would begin accepting it for some purchases.DOGE/USD 1-hour candle chart (Bittrex). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed DOGE/USD climbing over 25% to become the only major cryptocurrency to deliver gains on the day.The meme-based altcoin had followed Bitcoin (BTC) and other large cap tokens downwards over the course of the week, but the turnaround gave DOGE holders 10%....
Tesla CEO Elon Musk said the electric-car maker will take dogecoin as payment for its merch, causing the cryptocurrency to soar by as much as 33%. Elon Musk’s Revelation Sends Dogecoin Up 30% Prior to Musk’s revelation, the price of Dogecoin was declining, but it immediately soared by as much as 30%. According to cryptocurrency statistics website Coinmarketcap, it was recently up 26% at $0.2092. Musk said in a tweet: “Tesla will make some merch buyable with Doge & see how it goes. The Tesla CEO has long been a backer of dogecoin, a cryptocurrency based on a Japanese Shiba....
Tesla now accepts dogecoin for some merchandise on its website. CEO Elon Musk delivered on the promise he made in December that his electric car company will accept DOGE. Meanwhile, Tesla still has not resumed accepting bitcoin.
Dogecoin Now Accepted for Select Tesla Merchandise
Elon Musk’s electric car company, Tesla, has begun accepting dogecoin payments for some merchandise. CEO Elon Musk announced early Friday morning on Twitter, “Tesla merch buyable with dogecoin.” He first tweeted in December last year that Tesla will accept DOGE.
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The bullish news comes months after the billionaire entrepreneur said DOGE was a better token to transact with than Bitcoin. Dogecoin (DOGE) prices rose substantially on Jan. 14 as Elon Musk announced that Tesla would start accepting it as payment for merchandise. Tesla merch buyable with Dogecoin— Elon Musk (@elonmusk) January 14, 2022 After the announcement, DOGE price jumped nearly 13%, hitting a 30-day high of $0.2150. Its upside move came as a part of a larger intraday rally that already was taking place before Musk's Dogecoin tweet went viral. The DOGE price went up by over 25% on....