By “merchandise” Elon Musk may refer to products such as clothing, accessories or scale models of the cars such as the ‘Cyberquad’ or ‘Cyberwhistle’ for children. Their prices range from $50 to several thousand dollars. Musk did not disclose which items you can buy with dogecoin.
–
After the announcement, the price of dogecoin shot up by about 25 percent to almost 0.20 euros. The price of the meme coin that originated as a joke has risen about 6,000 percent in one year.
–
It is not the first time that the company has experimented with cryptocurrencies. Tesla made it possible to pay for a car with bitcoin at the beginning of this year. In May, the company suddenly stopped accepting bitcoin as a payment method. Musk then explained that the company would only accept bitcoin again when mining of the digital coins can be done with more sustainable energy sources.
–
Tesla boss Elon Musk is known for being a huge crypto fan. With his tweets – for 66 million followers – he regularly caused the prices of cryptocurrencies such as dogecoin and bitcoin to go up and down. He is also accused of manipulating prices.
–
