Tesla’s Move Boosts Dogecoin

Tesla’s Move Boosts Dogecoin
Tesla’s Move Boosts Dogecoin

US electric car manufacturer Tesla has begun testing a payment option for the digital currency Dogecoin a month after the company’s CEO, Elon Musk, hinted in a tweet that it would be doing so.

The world’s 11th-largest cryptocurrency, with a market cap of $24 billion, Dogecoin spiked on the announcement – its price was up over 13% at around $0.19, according to data tracked by CoinDesk, RT said.

The option appeared on the Tesla store on Friday, and is currently related to only some of the company’s merchandise, including belt buckles, chargers, and its mini all-terrain vehicle Cyberquad for Kids, which is retailing for 12,020 dogecoin. The dog-themed token is the only accepted currency for these products.

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