The over-the-counter firm BOTS announced its readiness to provide processing services in Dogecoin (DOGE) to Tesla dealers and owners of used electric vehicles.
BOTS focuses on infrastructure solutions in DeFi, cybersecurity, as well as insurance, consulting, deployment and repair of mining equipment. The company expects to form partnerships with other automakers and their dealers.
The document cites Allied Market Research’s forecast that the global used-vehicle market from 2020 to 2027 will grow from $828.2 billion to $1.36 trillion, showing a CAGR of 8.3%.
According to iSeeCars.com, a lightly used Tesla Model 3 carries on average a premium of $1,300 or 2.9% above a new EV. This is explained by chip shortages, which lengthened the delivery wait from seven to eleven weeks.
In May Tesla halted sales of electric vehicles for Bitcoin due to concerns about the environmental impact of its mining. The company introduced such an option in February, a month after $1.5 billion investments in the first cryptocurrency.
Earlier, Elon Musk proposed for users to vote on accepting Dogecoin payments. In July, the founder of Tesla allowed the return of the ability to pay with Bitcoin.
Earlier, Elon Musk supported Dallas Mavericks owner Mark Cuban, who called Dogecoin ‘the strongest cryptocurrency as a medium of exchange’.
In March, the basketball team owned by the businessman began accepting DOGE as payment.
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