Tesla Adds Dogecoin Payments

Tesla began selling goods for Dogecoin as part of an experiment back in 2022. Now the company has finally integrated DOGE into its system.

Tesla has finally implemented Dogecoin

Over the weekend, the company, owned by famous billionaire Elon Musk, updated its payments page. It now offers the option to pay in Dogecoin. DOGE can be used to pay for certain products in the Tesla Shop online store.

The company website has a separate FAQ page about memcoin. In order to make a purchase in the Tesla Shop using DOGE, the user must have or create a Dogecoin wallet.

As stated in one of the answers, the meme coin network will charge a network fee for each DOGE payment. If the user enters an incorrect amount, the order will be automatically cancelled. And if the user overpays, the difference will not be returned to him.

During the experiment, launched in January 2022, customers could buy goods such as a whistle in the shape of a Cybertruck electric pickup truck using memcoin.

Businessman talks about exact plans for Dogecoin integration told in March this year during a performance at the Berlin-Brandenburg Gigafactory. Amid Musk's announcement, DOGE's price jumped by more than 10%.

What about the DOGE price?

Immediately after the news appeared, Dogecoin rose in price by more than 35%, jumping from $0.1518 to $0.1684. By the time of writing, the asset price had adjusted to $0.1617. According to CoinGeckoover the past 24 hours the rate has risen by 0.2%, and over the past week – by a total of 14.4%.

Now memcoin ranks ninth in the ranking of the largest cryptocurrencies by capitalization. The DOGE figure is about $23.3 billion, while the daily trading volume exceeds $1.5 billion.