Science

Tesla accepts dogecoin… but with some conditions

Tesla accepts payments in Dogecoin but it is not possible to pay with everything, starting with cars.

Many cryptocurrency owners remember Elon Musk’s announcement about Bitcoin and Dogecoin. Two very popular virtual currencies that should have their place in the brand’s list of means of payment. An announcement that shook the world of digital currencies, which had reached record amounts for the time at this time.

But before the revolt of part of the public opinion, which considers the production of cryptocurrencies, in particular with mining, to be extremely polluting, Elon Musk and Tesla had to back down. In the end, the project was buried, but a ray of hope appeared just over a month ago, when the Pretoria businessman revived the idea.

Payment in Dogecoin is here… but not everything is perfect

In fact, the latter has announced that it will soon be possible to pay on the Tesla site using Dogecoin, a not very serious digital currency, which owes much of its success to Elon Musk’s inciting tweets. But while everyone already dreams of buying their car with cryptocurrencies, the reality is more complicated.

In fact, not all the products present in the official Tesla store are eligible for payment in cryptocurrencies and, to tell the truth, there are quite a few that are. In the list of the chosen ones we find the Cyberwhistle, which as its name indicates is a whistle. The latter sold for 300 DOGE, about $50, but it’s already sold out.

Some treats at most

Among the rest of the products still available (at the time of writing this article), is the Gigi Texas Belt Buckle, a very Texan belt buckle perfect for a rodeo with the magnificent logo of the brand. But the most interesting product without a doubt is the Tesla Children’s Quad, which is sold for more than 12,000 DOGE, today it corresponds to approximately €2,000.

As a reminder, Tesla offers the product for sale for just under $ 2,000, so it is more interesting to pay for it in good US dollars (or euros) than in Dogecoin.

Tesla and Dogecoin: a linked destiny?

If the payment options are quite few and the prices are elaborate, Tesla has achieved one thing, restoring the value of Dogecoin. The cryptocurrency thus seems closely linked to the brand of electric cars, like the price of a share. In fact, the rare moments of euphoria when its price goes up is when Tesla or Elon Musk make an announcement about it.

The rest of the time, the crypto goes back down, wisely waiting for the next tweet from the richest man in the world. A theory that is still valid today. In fact, Tesla announced that it would accept payments in Dogecoin, immediate result, the latter taking +25% in just one morning. At the time of writing, the virtual currency is trading around 17 cents, which started the day at €0.149.

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