Elon Musk just announced Tesla will be accepting Dogecoin cryptocurrency as a form of payment for its merchandise.
You can’t buy a Tesla roadster with Dogecoin yet, but you will be able to purchase the company’s apparel.
The tech titan has been extremely fond of Dogecoin and owns the cryptocurrency asset himself.
What will this mean for Dogecoin and cryptocurrency adoption moving forward?
Welcome to Franknez.com – Dogecoin just gained one of the most influential people on this planet to adopt it for transactions. Here’s a brief discussion of what’s happening right now.
Let’s get started!
Tesla’s Dogecoin news is official
Tesla announced on its website that Dogecoin is the only cryptocurrency they will be accepting.
The company cannot receive or detect any other digital asset.
The Tesla Dogecoin news is now official.
Elon Musk is getting a lot of praise from the community and other cryptocurrency advocates alike on Twitter.
The Dogecoin news is already being named a highlight for 2022.
I’m curious to know what bears think about the incredibly bullish news not just for Dogecoin, but for the cryptocurrency community as a whole.
Because this ultimately affects the entire crypto space.
But Elon Musk is a massive influence in today’s culture.
Throughout his life, his innovation has changed our world, so the official Tesla news tells us cryptocurrency is truly here to stay.
Here’s what you need to know about Tesla’s Dogecoin policy
What can you buy from Tesla with Dogecoin?
There will be a number of Dogecoin-eligible products on Tesla’s website with a Dogecoin symbol right next to them.
These items will give you the option to purchase them using Dogecoin cryptocurrency.
To buy something from Tesla using Doge, you’ll need to have a Dogecoin wallet, platform, app, or software that supports Dogecoin transfers.
I personally use a Coinbase wallet.
According to Tesla, the tax amount will already be included in the finalized transaction and additional fees from the Dogecoin network will also apply to your purchase.
Doge transactions will also be irreversible simply due to the nature of how the network works.
You cannot cancel an order if you’re purchasing with the cryptocurrency either.
Once your payment has been successful through the Dogecoin network, Tesla will send you an email confirmation of your purchase.
You can read more about Tesla’s cryptocurrency payment policy here.
Dogecoin spikes after Tesla news
Doge spiked 11% after Elon tweeted the news.
Will we begin to see a massive Doge price runup very soon?
Leave your thoughts in the comment section of the blog below.