Dogecoin Surges 11% as Payments Go Live on Tesla Store

displays pricing information in both U.S. dollars and dogecoin. The Giga Texas Belt Buckle lists for 835 DOGE ; the Cyberquad sells for 12,020 DOGE , while a Cyberwhistle goes for 300 DOGE .

Dogecoin was trading at $0.19 at the time of writing and is the world’s 11th largest cryptocurrency with a market capitalization of $24 billion. The move comes nearly a month after Tesla CEO Elon Musk said in December 2021 that the electric-car maker would accept dogecoin as payment for its merchandise. “Tesla will make some merch buyable with Doge & see how it goes,” heEarlier this year, Tesla started accepting bitcoin as payment for its electric cars. The pilot proved short-lived amid rising concerns about Bitcoin’s energy usage and was soon dropped.

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