|Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo|
Tesla Inc (TSLA.O) will accept the meme-based cryptocurrency dogecoin as payment for its products such as the “Giga Texas” belt buckle and mini electric vehicle models, CEO Elon Musk said on Friday in a tweet.
The move which sent dogecoin prices up 14% higher, comes a month after Musk said Tesla would test the digital token as a payment option. Musk, a voucal of cryptocurrencies has heavily influenced dogecoin and bitcoin prices, and at one point said the company would accept bitcoin for the purchase of its cars before scrapping the plans.
Tesla’s products, which also include the recently launched “Cyberwhistle” and “Cyberquad for Kids,” are a hit with its fans and typically sell out within hours of listing.
“Some have noticed that…