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Tesla Says it Will Accept Dogecoin for Merchandise, Doge Surges

teslaTesla CEO Elon Musk announced on Twitter that Tesla will begin accepting Dogecoin as payment for merchandise and “see how it goes.” Credit: Daniel Oberhaus / Wikimedia Commons/ CC BY 4.0

Tesla CEO Elon Musk announced on Tuesday that Tesla will begin accepting Dogecoin as payment for some of its merchandise, causing the coin to surge by over 20%.

“Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted to his followers.

Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a “joke,” making fun of the wild speculation in cryptocurrencies at the time.

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