Tesla to Accept Dogecoin Payments? Elon Musk Teaser Boosts DOGE Price

A recent video on X (formerly Twitter) from @dogeofficialceo showed Elon Musk, Tesla’s CEO, engaging with the public at the Berlin Gigafactory. In the video, someone asked if Tesla might accept Dogecoin in the future. Musk’s answer was upbeat: “At some point we should enable doing that,” he said, noting that Tesla already allows Dogecoin to buy merchandise.

Musk’s comment sparked excitement, sending Dogecoin’s value from $0.172 to $0.188 as the video gained views. Musk’s signature phrase “Dogecoin to the moon” added to the fervor.

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Idea to Action

Tesla employees first suggested accepting Dogecoin, a sentiment later echoed by visitors at SpaceX, which Musk embraced. Musk sees Dogecoin as the people’s cryptocurrency, contrasting it with Bitcoin’s backing from the wealthy.

Musk’s “XPayments” on X (formerly Twitter) hinted at cryptocurrency transactions. Speculation abounds on whether Musk’s X app will introduce crypto payments by mid-2024, but it’s unclear if Musk will choose Dogecoin or traditional currencies.

Also Read: Shiba Inu Outpaces Solana, Dogecoin in Record Memecoin Trading Week

The Love for DOGE

Musk’s fondness for Dogecoin dates back to 2021, often reflected in his tweets. Dogecoin is currently valued at $0.1863, showing Musk’s ongoing influence.

With Musk’s backing, Dogecoin’s potential as a mainstream payment method is gaining momentum. As Musk leads the charge, the future of DOGE looks promising.

Will Dogecoin become a mainstream payment option? Share your thoughts.