The electric vehicle manufacturer You’re here is experimenting with payments in Dogecoin (DOGE), opening a range of products to cryptocurrency users.
Market reaction to Tesla’s DOGE venture has been positive. DOGE climbed 12% in one day and ranks as the second best performer among the top 100 cryptocurrencies by market capitalization. Currently ranked 11th, the token is trading at $0.19 and also showing a 20% rise in one week. Trading volume has quadrupled to over $4 billion in the past 24 hours, according to data from Coingecko.
“Tesla merchandising is purchasable with Dogecoin,” tweeted today Elon Musk, CEO of Tesla.
A new section on the automaker’s website says Dogecoin is the only cryptocurrency that Tesla customers are allowed to use to place an order with the automaker.
“Tesla only accepts Dogecoin. Tesla cannot receive or detect other digital assets. Please make sure you are purchasing with Dogecoin. Sending any other digital assets may result in the loss or destruction of the asset. Digital assets other than Dogecoin sent to Tesla will not be returned to the buyer,” the company said.
Also, per Tesla policy, all Dogecoin purchases are final.
“Items purchased with dogecoins cannot be returned, exchanged or cancelled. They cannot be exchanged for cash either,” they said. However, if “the incorrect amount of Dogecoin is transferred, your order may be subject to cancellation.”
Bitcoin (BTC) users may remember the short-lived venture of Tesla, which accepted payments in the market’s number one cryptocurrency. The announcement sparked a surge in the price of Bitcoin, however, when Tesla decided last May to suspend the use of the cryptocurrency for vehicle purchases and announced that it was looking into other crypto-assets, the automaker caused a brutal selloff and massive liquidations across the cryptosphere.
That said, Musk also hinted that the BTC payment functionality could be revived if the cryptocurrency mining process becomes greener in the future.
_______________________
Follow our affiliate links:
To buy cryptocurrencies in the SEPA Zone, Europe and French citizens, visit Coinhouse
To buy cryptocurrency in Canada, visit Bitbuy
To generate interest with your bitcoins, go to the BlockFi website
To secure or store your cryptocurrencies, get Ledger or Trezor wallets
To trade your cryptos anonymously, install the NordVPN app
To invest in mining or masternodes:
To accumulate coins while playing:
- In poker on the CoinPoker gaming platform
- To a global fantasy football on the Sorare platform
________________
Here are the sources of information we offer:
Our free weekly newsletter: https://www.getrevue.co/profile/CryptonewsEN
Twitter: https://twitter.com/cryptonews_FR
Telegram: https://t.me/cryptonews_FR
LinkedIn: https://www.linkedin.com/company/11745115