Musk says Dogecoin can be used to buy Tesla Merchandise
The price of dogecoin jumped more than 15% on Friday before paring gains after Tesla CEO Elon Musk said the company began accepting the cryptocurrency as payment for some merchandise.
Only a small number of items were buyable with the cryptocurrency, which originally started life as a joke coin. A whistle shaped like Tesla’s Cybertruck costs 300 doge, which is equivalent to about $59 at the time of writing.
There are a number of terms and conditions that come with using dogecoin to buy merchandise from Tesla, though.
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