Summary:
Elon Musk, CEO of Tesla, has revealed that the company’s supercharger would take the cryptocurrency Dogecoin as payment. This makes it the first Supercharger in Tesla’s network to accept cryptocurrency as payment. “Of course, you may pay in Doge (sic),” Musk responded to a tweet from Tesla Console creator Ryan Zohoury.
Details:
Musk recently recommended Dogecoin over any other cryptocurrency in a recent interview. Elon Musk, CEO of Tesla, has revealed that the company’s supercharger would take the cryptocurrency Dogecoin as payment. The Santa Monica Supercharger will now officially take Dogecoin as payment, making it the first Supercharger in Tesla’s network to do so. “Of course, you may pay in Doge (sic),” Musk responded to a tweet by Ryan Zohoury, the creator of Tesla Console, who claimed that the new Santa Monica Superchargers were already filled ten minutes after they opened.
Musk, a prominent supporter of both Doge and Bitcoin, has long hinted about incorporating Doge as a payment mechanism into different aspects of Tesla’s operations. The company’s web store accepts Doge. There have been rumours that Tesla will soon take the cryptocurrency as payment for its automobiles. Musk recently recommended Dogecoin over any other cryptocurrency in a recent interview.
Bitcoin has a low transaction value and a high transaction cost. It is suitable as value storage, at least in terms of space. However, Bitcoin is not a good alternative for transactional cash. Musk also stated that, in addition to Tesla’s investment, he has a sizable personal interest in bitcoin, as well as lesser Ethereum and Dogecoin holdings.
Credits: www.business-standard.com