DOGE Up 30% After Tesla’s Payment Acceptance Announcement

The automobile giant Tesla has enabled payments in Dogecoin months after the end of BTC payments for environmental reasons. As a result, the DOGE price shot up in double digits.

It’s no secret that Elon Musk, the richest man in the world, is a fan of the original memecoin – Dogecoin. However, oong’s support has taken to another level when Tesla recently decided to allow DOGE payments for its products.

Accompaniment to explain that users want to choose memecoin require a wallet and they can transfer money via an alphanumeric code or QR code once connected.

The giant has promised to update the product prices displayed in DOGE soon, but so far they are still in fiat currency. All Tesla products “are expressly set in Dogecoin”.

Tesla also warned potential customers that orders placed with DOGE are “irreversible”. In addition, all such purchases are “single-closed” and cannot be returned, exchanged, or canceled.

The company emphasizes that Dogecoin is the only cryptocurrency it accepts. 

The company allowed payments in Bitcoin last year, but discontinued it a few months later, citing environmental concerns.

Immediately after the news broke, it rose 30% from $ 0.16 to a monthly high of $ 0.21. Currently, the Memecoin has fallen slightly and is only trading at $ 0.20.

Source: TradingView

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