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.
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.Check Price Action
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Foryoui3/Lemonade Serenade