Tesla launches Dogecoin payments for merch but there is a catch

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You can now use Elon Musk's favorite digital asset to buy merch at his favorite car company.

for merch. The announcement resulted in a 25% price increase for the meme coin at the time. Today, just a few hours after implementing DOGE payments, the asset’s price shows an 18.63% gain.about DOGE comparing it to Bitcoin. According to Musk, “even though it was created as a silly joke, Dogecoin is better suited for transactions.” He stated that DOGE is slightly inflationary, and this encourages people to spend it rather than using it as a store of value.

Meanwhile, Tesla may not be the only company to start implementing crypto payments this year. A survey conducted by Visa shows that small and mid-sized firms are also set

 

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Wow 🤩 that’s great for every one

when tesla was taking bitcoin it looked like a more serious company...

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Dogecoin creator Billy Markus instantly replied to the announcement, rallying the Dogecoin community. “Alright Dogecoin community, you know what to do,” Markus tweeted.

After Tesla, more & more companies will use Cryptocurrency doge shiba floki

Just flokiinu

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Congrats to dogecoin , it’s good for Crypto and for elonmusk ‘s shiba named FLOKI $FLOKI is the future

Can't I use usdt to buy items from Elon's car company?

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Never underestimate the power of the three MEMETEERS ⚔️🗡️FLOKI DOGE SHIBA⚔️🗡️ 🔥🔥🔥 Memecoins are future. Community is the key for that. FlokiVikings are a major part of this ⚔️⚔️⚔️ As RealFlokiInu shows, there is hugh utility for every holder 🤖🎮🎓🎨🖼️ BE A PART❤️❤️

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the eternal love❤ ELON ❤s DOGE DOGE ❤s ELON Like & RT

Ohhhhhh

Merch but not car? Clever guy this Elon.

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I could but no, thanks. I bought some Doge on Bitfinex last year and it dumped hard after the bull run and not going to recover as I think.

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