Article Image

IPFS News Link • Cyberspace and the New Economy

Elon Musk Reveals Dogecoin Will Be Accepted at Tesla's New Futuristic Diner, Drive-in Theater

• https://news.bitcoin.com, by Kevin Helms

The electric car company currently accepts DOGE for some merchandise on its website.

Tesla CEO Elon Musk: 'You Can Pay in Doge'
Tesla and Spacex CEO Elon Musk tweeted about future dogecoin payment acceptance Friday in reply to a tweet by developer Ryan Zohoury, who said a new Tesla supercharger station in Santa Monica, California, is almost full 10 minutes after it opened.

The Tesla boss tweeted, "And futuristic diner / drive-in theater planned for Hollywood area." He added in a follow-up tweet:

"And, of course, you can pay in Doge."

At press time, the Tesla CEO has not clarified what exactly customers can pay for with the meme cryptocurrency. Some people assume that Tesla supercharger stations will accept dogecoin while others interpreted Musk's tweet as applicable to only the upcoming diner and drive-in theater in the Hollywood area.

Nonetheless, Dogecoin's supporters welcome Musk's plan to further the adoption of the meme cryptocurrency.

The price of dogecoin, however, is fairly unaffected by this news. At the time of Musk's tweet, DOGE was trading at $0.1417 based on data from Bitcoin.com Markets. While the price did subsequently rise slightly to $0.1450, it fell to $0.1411 at the time of writing.

In January, Tesla began accepting dogecoin for some merchandise. Musk then tried to get McDonald's to accept DOGE by offering to eat a Happy Meal on television. However, the famous fast-food chain replied, "only if Tesla accepts grimacecoin."