Tesla 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 4.0Tesla 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.
