Elon Musk announced that Tesla now accepts payments in Dogecoin (DOGE), the announcement for SpaceX is imminent. After the statements he made on Twitter in the past hours, while the whole market was red, DOGE started to rise alone.
Tesla merch can be bought with Doge, soon SpaceX merch too
— Elon Musk (@elonmusk) May 27, 2022
Dogecoin is on the attack, Elon Musk broke the news
Elon Musk is stepping up steps for his CEO companies to accept payments with Dogecoin in the future. In his latest tweet, he announced that space transportation company Space will soon be able to accept payments with DOGE. Meanwhile, the Dogecoin price soon started to rise. In less than an hour, it rose 15% from $0.07 to $0.09.
Dogecoin wallet for Tesla products
To purchase using DOGE, Dogecoin wallet is required. Tesla also noted that it is the buyer’s responsibility to ensure the correct transfer of Dogecoin to Tesla’s wallet. However, not all Tesla products are eligible for purchase by Dogecoin. Customers need to look for the DOGE icon next to the order button for Dogecoin-eligible products on the Tesla website.
Elon Musk is back in the field after a long hiatus
Even though Dogecoin’s price performance is lousy in 2022, the world’s Musk, who remains the richest person, helps keep the meme coin afloat. In March, the Tesla boss confirmed that he was not selling DOGE. The technology giant is on its way to acquire Twitter, which is seen as a bullish development for DOGE. As Kriptokoin.com , Musk suggested adding DOGE as a payment option on the influential social media platform so that users can pay for their premium subscriptions with meme coin.
Elon Musk was in the news Thursday after Twitter investors filed a lawsuit citing delay in the announcement of his stake in the company. The main contention was that Musk had not disclosed his total stake in the company as of March 14, saving himself $156 million. They claim to have acquired more than 5% of Twitter to date.
As a result, Doge price spiked as high as $0.08538 after Musk’s tweet. He later saw a minor fix. It is trading at $0.088 at the time of writing.
