Billionaire and Tesla CEO Elon Musk says that the electric vehicle giant will accept Dogecoin (DOGE) as payment at its charging stations and other ventures sometime in the future.
Responding to a Twitter user who noted that a new super charging station for electric vehicles opened up in Santa Monica, California, Musk says that he is planning a futuristic diner and drive-in theater in Hollywood, highlighting that consumers can pay for it all in Dogecoin.
“Of course, you can pay in Doge.”
The business magnate made waves in the Dogecoin community last month when he confirmed that customers would now be able to purchase select Tesla merchandise using the dog-themed meme coin. So far, the items available for Dogecoin purchases are the Giga Texas Belt Buckle, the Cyberwhistle, and even the Cyberquad, a Cybertruck-inspired vehicle for children.
The announcement sent the meme crypto asset surging at the time from $0.16 to $0.20, a 23% jump.
Musk, a crypto holder himself, previously said he owns top crypto by market cap Bitcoin (BTC), leading smart contract platform Ethereum (ETH), and DOGE.
He says he is a supporter of Dogecoin because he believes it is “the people’s crypto.”
“Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own DOGE. They aren’t financial experts or Silicon Valley technologists.
That’s why I decided to support Doge – it felt like the people’s crypto.”
Dogecoin is exchanging hands at $0.137 at time of writing, an 11.5% decrease from its seven-day high of $0.15.
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