Tesla is now accepting Dogecoin payments for some of its merchants

Tesla is now accepting Dogecoin payments for some of its

Tesla allows customers to purchase selected products using Dogecoin, according to the website and its fell from CEO Elon Musk. You can now buy the Cyberwhistle for 300 doge ($ 58), Giga Texas Belt Buckle for 835 doge ($ 161) and the Cyberquad for Kids at 12,020 doge or $ 2,320. According to the source, Dogecoin is now the only way to buy these products as cash options no longer appear.

Musk has recently taken an interest in Dogecoin, following talks in May about the potential "efficiency" of the cryptocurrency compared to Bitcoin. Then in December, it was fell the company would "buy some merchants with Doge & see how it goes." Following Musk's announcement today, Dogecoin has risen about 14 percent over the past 24 hours.

Tesla accepted Bitcoin as payment for its cars in February 2022, but halted the campaign less than two months later announcing the environmental impact of Bitcoin. “Cryptocurrency is a good idea on many levels… but it cannot come at a huge cost to the environment,” Musk he said on Twitter at the time.

Dogecoin uses less power for mining, especially since it has less value than Bitcoin. Musk said last year that he was working with Dogecoin devs to improve efficiency, though there is still no clear way to do that without reducing its value. That said, Block CEO Jack Dorsey has just announced plans to build an open Bitcoin mining system that will make that particular cryptocurrency "more widespread and more efficient."

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