Unsurprisingly, Elon Musk announced on Twitter that Tesla’s merchandise products will now be available for payment with dogecoin, created as a satire for bitcoin, at the electric car manufacturer’s online store. The news boosted the cryptocurrency of the funny yellow dog by 14 percent for a short time, but later fell back.
In the long run, dogecoin will show an increase of four thousand percent anyway, thanks in part to the promotion by Musk. Earlier, one of the richest people in the world talked about the currency named after the Meme dog being “people’s currency,” and in addition to Tesla, SpaceX will also accept it. Musk had already talked about the possibility of paying for Tesla with bitcoin, but the idea was later rejected by the company.
With dogecoin, you can buy Tesla-branded belt buckles for 835 dogecoins (for about 44,000 forints) or a mug labeled S3XY for 150. But an electric Cyberquad for children is also available for 12020 dogs, which is currently a little over 641 thousand forints. However, you have to wait for the products you can buy from the joke money, because they are all sold out after the announcement. Purchases made with dogecoin are non-refundable according to the Tesla website.
(Cover image: Dogecoin. Photo: Yuriko Nakao / Getty Images)