Tesla has begun to price some of its items in Dogecoin, the first meme cryptocurrency.
Tesla will take dogecoin as payment for items, according to Elon Musk, who announced it in December of last year. A software programmer who goes by the Twitter handle “Tree of Alpha” discovered source code on the company’s website, presumably fulfilling the promise.
The engineer informed The Block that they discovered the DOGE payment option on the checkout page after running the source code on the backend. They explained:
‘Tree of Alpha’ also discovered a “crypto continue.html” page on Tesla’s website, which has source code for handling crypto payments. Also, it looks that Dogecoin can only be used to buy stuff, not Tesla’s automobile.
Dogecoin Price Soars following Tesla’s adoption of Doge payment option
According to CoinMarketCap statistics, the meme coin’s price has increased by more than 12%. The DOGE sign has been noticed next to the Tesla Cyberwhistle and the “Giga Texas” belt buckle by certain Twitter users, including Dogecoin co-founder Billy Markus.
yoit’s happening!#dogecoin #doge4teslahttps://t.co/aYKGdYjJ5h pic.twitter.com/271DIW8oFJ— Shibetoshi Nakamoto (@BillyM2k) January 14, 2022
Although Tesla does not accept Dogecoin for electric vehicles, the canine coin can theoretically be used to purchase one. DOGE may be used to purchase Tesla’s Cyberquad, a $1,900 quad bike built for kids.