Dogecoin

Elon Musk

Tesla CEO Elon Musk has hinted his electric-car manufacturer could add Dogecoin (<a href="https://cointelegraph.com/doge-price-index">DOGE</a>) as an official payment method for Tesla cars “at some point”.
On March 13, Musk was interacting with the public at the Berlin Gigafactory, a Tesla manufacturing plant, wherein an audience member asked if Tesla can be bought using DOGE in the near future. Musk <a href="https://twitter.com/dogeofficialceo/status/1768087572234793050" target="_blank" rel="noopener nofollow">responded</a> positively to the request:
<blockquote>
 “At some point I think we should enable that.”
</blockquote>
Musk's response sparked enthusiasm among investors as the market price of the token witnessed a sudden surge. Dogecoin reacted by jumping from $0.172 to $0.188 at the time of writing, marking a&nbsp;9.3% as the video gains traction on X.
<blockquote class="twitter-tweet">
 Elon Musk at Giga Berlin today. “When will I be able to buy a Tesla with dogecoin?” “At some point I think we should enable that.” <a href="https://t.co/Suk7bifuHC">pic.twitter.com/Suk7bifuHC</a>— Sir Doge of the Coin ⚔️ (@dogeofficialceo) <a href="https://twitter.com/dogeofficialceo/status/1768087572234793050?ref_src=twsrc%5Etfw">March 14, 2024</a>
</blockquote> 
Musk said that fan can still use DOGE to buy Tesla merchandise and showed support for the altcoin by reiterating "Dogecoin to the moon."
Musk first started endorsing DOGE after a few employees from the Tesla Gigafactory urged the CEO to support Dogecoin as an official mode of payment. A similar request was made to him at SpaceX by visitors demanding support for Dogecoin, which ultimately was accepted as he said:
<blockquote>
 Doge is people’s crypto, so I will support it.
</blockquote>
According to Musk, Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) got support from a lot of rich people and he wanted to support a crypto that is preferred by the general public.
Related:&nbsp;<a href="https://cointelegraph.com/news/dogecoin-hits-weekly-high-after-x-payments-account-elon-musk">Dogecoin hits 7-day high as ‘XPayments’ account gains 100K followers in a day</a>
Tesla started <a href="https://cointelegraph.com/news/tesla-launches-dogecoin-payments-for-merch-but-there-is-a-catch">accepting Dogecoin payments for its company merchandise</a> from Jan. 14, 2022. At the time, the company clarified that it supported only Dogecoin payments and any other “non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.”
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 <img src="https://s3.cointelegraph.com/uploads/2024-03/9919ac85-0550-4011-9fe7-2f40ac1d9179.png">
 <figcaption style="text-align: center;">
 Elon Musk announced that Tesla had started accepting Dogecoin payments for merchandise purchases. Source: <a href="https://twitter.com/elonmusk/status/1481873421390680065" target="_blank" rel="noopener nofollow">Elon Musk on X</a>
 </figcaption>
</figure>
Musk’s “everything app” X (formerly Twitter) recently created an 'XPayments' account for its upcoming payments feature, fueling crypto community speculation about whether cryptocurrencies will be implemented.
There is anticipation that the <a href="https://cointelegraph.com/news/x-payments-speculation-crypto-community">X app will introduce in-app payment services by mid-2024</a>. However, it’s unconfirmed whether the feature will support payments beyond traditional fiat currencies or if Musk will follow through with his fans' vision of mainstreaming Dogecoin.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/pink-drainer-security-researcher-steals-millions-from-participants/">Inside Pink Drainer: Security analyst defends his crypto scam franchise</a>

Elon Musk: Dogecoin will be used to buy Teslas ’at some point’

Cointelegraph

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