An analyst who reviewed Tesla’s source code came up with a report from an electric vehicle company that introduced support for DOGE payments earlier this week.
Tesla, a Texas-based EV maker and eco-friendly energy company, has begun accepting payments in the form of Dogecoin. Elon Musk, Tesla’s CEO, Product Architect and longtime supporter of Memecoin, share Same news today.
Billionaire businessmen have publicly stated in the past that they prefer Dogecoin to Bitcoin as a payment option. Musk, who has since taken the name Dogefather, has shaken the market by posting many tweets around Dogecoin last year. In addition to Dogecoin, techpreneur Hold Bitcoin and Ether in his portfolio.
Not the first rodeo in Tesla’s cryptocurrency
Tesla announced in May last year that it was accepting Bitcoin payments, but unplugged it a few weeks later due to environmental concerns. The company has also converted some of its revenue into Bitcoin and still holds it.
Towards the end of last year, Musk hinted that the company was looking for options for Dogecoin payments.This week, an independent software engineer will grab the steering wheel Alpha tree We reportedly analyzed Tesla’s source code and concluded that the largest car makers by market capitalization are actually implementing DOGE support.
Payment options are only available on some products such as the Tesla Cyberwhistle and the “Giga Texas” belt buckle. Customers can also use meme coins to purchase Tesla’s Cyber Quad. To pay for these products with Dogecoin, the purchaser must deposit a DOGE equivalent amount into Tesla’s Dogecoin wallet.
The company has revealed that only Dogecoin is supported and no other deposits are detected in the form of different cryptocurrencies. Therefore, the EV manufacturer shall not be obliged to refund payments made with other coins.
In addition, the automaker said it would be final once DOGE’s order was completed. Items purchased with meme coins cannot be returned, exchanged or canceled.
Dogecoin prices react
The impact of Elon Musk on the price of memetic crypto is not new. This time, the value of tokens in the market was driven by news that investors and the community felt positive. The original memetic cryptocurrency is currently trading at $ 0.197 and has risen by more than 25.30% in the last 7 days, according to CoinMarketCap data.
Coin is ranked 9th in the market ranking with a market capitalization of $ 26.11 billion. It contacts Polkadot ($ 26.35 billion) and is not far from Terra’s main coin, LUNA. LUNA has a market capitalization of $ 28.34 billion at the time of writing.