Tesla Now Accepts Dogecoin for Some Products

by in Cryptocurrency News

Tesla merch Dogecoin

Electric vehicle company Tesla started accepting Dogecoin for merch as Elon Musk tweeted today.

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After the news went public, the Dogecoin price has increased. In the last 24 hours, the price went up by around 13% and currently trades at around $0.19.

Currently, DOGE ranks 11 as the largest crypto with a market cap of over $25.6 bln.

Last month Elon Musk tweeted that Tesla would allow DOGE payments and see how things work out.

Elon Musk is a huge Dogecoin supporter. He often mentions the token in his tweets. In one of his recent interviews, he compared Bitcoin and Dogecoin. According to Musk, BTC better serves as a store of value and DOGE is suitable for financial activities.

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More companies started to accept DOGE as a means for payments. Recently, the real estate company Harbor Custom Development joined the list.