Elon Musk says Tesla begins selling merchandise for Dogecoin

Tesla began selling certain items for the meme cryptocurrency Dogecoin (DOGE), said CEO Elon Musk. In response to the announcement, the asset’s price rose 15%, according to CoinGecko.

Tesla merch buyable with Dogecoin

— Elon Musk (@elonmusk) January 14, 2022

Some products on the automaker’s site can be purchased only with cryptocurrency. At this stage, buyers do not have the option to choose the form of payment.

On Tesla’s support subpage there appeared a page stating that the company accepts payment exclusively in Dogecoin. The manufacturer does not support other digital assets and emphasises that senders of incorrect transfers will lose their money.

Twitter users drew attention to Tesla testing payments in DOGE a few days ago. They discovered hidden code indicating plans to integrate cryptocurrency payments.

Not that much of a news, for today… 😂https://t.co/ZxzSPoirCm

— Salty_Word_624 (@CalisCihan) January 12, 2022

DOGE prices rose 15%. At the time of writing, the asset was trading near $0.198.

In December 2021, Elon Musk said Tesla will release merch that can be bought with DOGE. The billionaire did not reveal any details but noted that the company ‘will see how it goes’.

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