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Tesla now accepts Dogecoin as a payment method for merchandise



 Tesla can now pay for certain items with DOGE, but returns, exchanges and cancellations are no longer required.


Tesla boss Elon Musk has announced that the successful car manufacturer will now accept Dogecoin ( DOGE ) as payment for certain merchandise items. In order to be able to pay with the DOGE, interested customers only have to send the respective amount in DOGE to the Dogecoin wallet, but there is a catch.


The eighth largest company in the world first makes it clear that it does not accept any other cryptocurrencies as a payment method apart from the DOGE . Any crypto funds sent to Tesla that “are not Dogecoin will therefore be returned to the buyer.”


In addition, items paid for with the DOGE "cannot be returned, exchanged or cancelled". All purchases in the form of the joke cryptocurrency are therefore fixed and cannot be reversed.


Dogecoin inventor Billy Markus immediately responded to the announcement, urging : "Dogecoin community, you know what you have to do."


The followers of the much-hyped cryptocurrency did not take long to ask and after just a few minutes they posted on social media that they had purchased the first Tesla fan items using Dogecoin. For example , a German user writes : “The Tesla Tequila is already on the way me to Germany!”


A month ago, Tesla had already announced that DOGE should be introduced as a payment method for merchandise. As a result, the Dogecoin price shot up by a whopping 25%. After today's launch, the DOGE rose again by 18.63%. 


In December, Tesla CEO Elon Musk again explained why he prefers DOGE over crypto market leader Bitcoin ( BTC ), saying that "while Dogecoin was created as a hoax, it's better suited for transactions [than BTC]" . The inflationary conception of the DOGE would also be an advantage in this context, since investors would be more likely to spend the cryptocurrency again than to hold it.



The big automaker could be a pioneer for many small and medium-sized businesses this year, as more and more "SMEs" want to implement cryptocurrency payments in 2022, according to a survey by Visa.

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