Elon Musk is boosting Dogecoin once again. Check out the latest reports about the tech mogul.
It’s been just revealed that billionaire and Tesla CEO Elon Musk recently made sure to say that the electric vehicle giant will accept Dogecoin (DOGE) as payment at its charging stations and other ventures sometime in the future.
It’s worth noting the fact that the online publication the Daily Hodl noticed at Musk was responding to a Twitter user who noted that a new super charging station for electric vehicles opened up in Santa Monica, California.
Musk stated that he is planning a futuristic diner and drive-in theater in Hollywood. He also stemmed that consumers can pay for it all in Dogecoin.
“Of course, you can pay in Doge.”
DOGE payments at TeslaBack in January, we were revealing that Elon Musk announced on Twitter that Tesla would start accepting payments with DOGE. This obviously had a positive impact on the price of the coin.
Dogecoin payments went live on the @Tesla store this morning, causing DOGE prices to jump 11% as customers could by swag like belt buckles, Cyberquads for kids and scale models of Tesla cars.@shauryamalwa reports.https://t.co/NTtRzea9l8
— CoinDesk (@CoinDesk) January 14, 2022
The news triggered massive enthusiasm on Twitter.
He basically says that the DOGE’s built-in mechanisms render it superior to leading crypto Bitcoin (BTC) in terms of practical use cases.
“Part of the reason why I think there’s merit to Dogecoin, even though it was obviously created as a joke, is that it actually does have a much higher transaction volume capability than Bitcoin. The cost of doing a transaction, the Dogecoin fee is very low.”
Regarding the price of DOGE, at the moment of writing this article, DOGE is trading in the red and the coin is priced at $0.1287. Stay tuned for more news.
The post Elon Musk Boosts Dogecoin: Tesla Charging Stations To Accept DOGE first appeared on CryptoGazette - Cryptocurrency News.
