Tesla now accepts Dogecoin payments for some of its merch

Tesla allows customers to purchase selected products using Dogecoin, according to website and a tweet from CEO Elon Musk. You can now pick up a 300 doge Cyberwhistle ($ 58), a 835 doge Giga Texas Belt Buckle ($ 161) and Cyberquad for Kids at 12,020 grams or $ 2,320. According to the store, Dogecoin is now the only way to buy the items if the financial method no longer shows up.

Musk has been interested in Dogecoin late, having discussed in May the “technology” of cryptocurrency compared to Bitcoin. Then in December, he tweeted that the company “conducts sales to be purchased by Doge and sees how it goes.” Following Musk’s announcement today, Dogecoin has risen nearly 14 percent in the last 24 hours.

Tesla approved Bitcoin as payment for its vehicles in February 2021, but suspended the project within two months in response to the environmental impact of Bitcoin. “Cryptocurrency is a good idea for many groups … but this may not come at a cost to the environment,” Musk said he said on Twitter at the time.

Dogecoin uses less energy for mining, mainly because it is cheaper than Bitcoin. Musk said last year that he was working with Dogecoin devs to improve its technology, although there is no clear way to do this without reducing its cost. That said, Block CEO Jack Dorsey only announced plans building an open Bitcoin mining system that makes cryptocurrency “distributed and efficient.”

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