Elon Musk's Tesla will now start accepting Dogecoin as payment at its supercharging station
Santa Monica Supercharger will officially accept Dogecoin as payment, making it the first Supercharger in Tesla's network to accept the crypto as a payment method.
"Of course, you can pay in Doge (sic)," said Musk in response to a tweet by Ryan Zohoury, the founder of Tesla Console who said that only ten minutes after the new Santa Monica Superchargers was opened they were already full.
Musk, a vocal proponent of both Doge and Bitcoin, has long hinted toward bringing Doge as a payment method to various parts of Tesla's business. The company does accept Doge in its online store and there have been rumours of Tesla eventually accepting the crypto as a form of payment for its vehicles.
In a recent interview, Musk had also endorsed Dogecoin over any other crypto coin.
"The transaction value of Bitcoin is low and the cost per transaction is high. At least at a space level, it is suitable as a store of value. But fundamentally, Bitcoin is not a good substitute for transactional currency," he said.
Musk also confirmed that he has a significant personal investment into bitcoin on top of Tesla's investment and he has smaller Ethereum and Dogecoin holdings.
Sony PlayStation 5 to be available for pre-orders from tomorrow
Data, a key moat of Paytm ecosystem, is getting democratised and it's not a good thing for the company
Popular on BI
- India's foreign exchange reserves fall to $573 bn
- India's retail inflation dropped below 7% in July for the first time in four months
- Samsung announces Galaxy Watch5 Series with sleep tracking and IR temperature sensor
- India's exports rose to $36 billion in July; trade deficit almost triples
- Rupee, bond yield ends almost flat ahead of the long weekend