US electric car giant Tesla CEO Elon Muskposted on Twitter that excited cryptocurrency investors. Musk announced that Tesla products can be purchased with Dogecoin. With this development, the price of Dogecoin rose sharply. Here are the details…
Tesla CEO of the company and the richest businessman in the world Elon Musk, the ancestor of dog-themed coins released as a joke Dogecoinis known for its support. Musk, who has been sharing about cryptocurrencies especially recently, plays a big role in pricing in the market.
EXCITING SHARING FROM MUSK
Elon Musk announced earlier today in a post on Twitter that Tesla products could be purchased with Dogecoin.
Tesla began accepting payments with Bitcoin in March 2020. However, the company gave up its support for payment with Bitcoin in May. In the official statement, the amount of energy spent in bitcoin production was noted and emphasized concerns about some environmental impacts.
On the other hand, accepting payments with Dogecoin does not cover car sales. Users will only be able to use Dogecoin on products from Tesla’s internet store, along with payment support with Dogecoin.
DOGECOIN PRICE TAKES FLIGHT
The price of Dogecoin rose sharply after Tesla boss Musk announced a payment with Dogecoin.
Dogecoin, which started the day at $0.1716, rose more than 25 percent to $0.2148 with the announcement coming in.