Tesla now accepts Dogecoin payments for some of its merch
Dogecoin uses less power to mine, mainly because it's worth less than Bitcoin. Musk said last year that he was working with Dogecoin's devs to improve its efficiency, though there's no clear way yet to do that without decreasing its value. That said, Block's CEO Jack Dorsey justto build an open Bitcoin mining system that makes that particular cryptocurrency"more distributed and efficient.
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Tesla launches Dogecoin payments for merch, but there’s a catchSuch wow. Much merch! Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin as payment for the company’s merchandise.
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Dogecoin Surges 11% as Payments Go Live on Tesla StoreDogecoin 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.
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Elon Musk Says Tesla Is Accepting Dogecoin for Some MerchandiseThe move, which sparked a 10% surge in dogecoin, marks a return for the electric-vehicle maker to acceptance of digital currencies for some payments.
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Dogecoin Surge Sees Short Traders Lose $8M After Tesla Store AdditionNearly $12 million worth of dogecoin was liquidated across crypto exchanges as Tesla started accepting the memecoin as a payment option. By shauryamalwa
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