DOGE prices experienced a rapid surge of over 17% within the past 24 hours due to swift actions taken by traders.
According to the frequently asked questions section on Tesla’s official website, Elon Musk, the CEO of Tesla and a Dogecoin supporter, has reportedly included Dogecoin as a payment option for various Tesla items. This decision follows Musk’s previous mention about the possibility of accepting Dogecoin as payment for Tesla vehicles in the future.
In response to this announcement, traders wasted no time and caused the price of DOGE to skyrocket by more than 17% within the last 24 hours, reaching $0.1629 according to data from CMC. However, Tesla has not yet confirmed whether Dogecoin will be accepted as a form of payment for their vehicles, despite the buzz within the crypto community.
Tesla, the electric vehicle manufacturer owned by billionaire Elon Musk, has now started accepting Dogecoin as a method of payment at Tesla stores. On the “order” page for Dogecoin-eligible items, customers can find the Dogecoin symbol, as stated on Tesla’s Dogecoin help page. The most recent update to this page, according to the Wayback Machine, was made on May 4. It is important to note that Dogecoin wallets are the only accepted means of purchasing Tesla products.
However, there are a few conditions to consider when paying with Dogecoin. It is not possible to combine funds from multiple Dogecoin wallets for a single order, changes or cancellations cannot be made once an order has been placed, and returns are not accepted for items purchased with Dogecoin.
In March, during a event at the Tesla Gigafactory near Berlin, Germany, Elon Musk generated excitement among the audience when discussing the meme coin. When asked about the timeline for customers to be able to pay with Dogecoin, Musk expressed his belief that the company should eventually enable this payment option.
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