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He did it again! Dogecoin soars after Elon Musk announcement
Elon Musk is a quite controversial tycoon and a fan of the world of cryptocurrencies. It is no secret to anyone that this American businessman can have great influence in manipulating some cryptocurrencies.
Last year, following an announcement that Tesla would accept Dogecoin (a meme cryptocurrency) for the purchase of its products, the coin skyrocketed, multiplying in value in just a few hours.
By then, the announcement came to nothing and Tesla never received the crypto asset as a form of payment. However, these words caused the market to speculate and many made a good amount of money.
However, we have an announcement from the company again, and it is now official, it is possible to make purchases to buy items on the Tesla website. But do not expect to buy a car using Dogecoin, since it is only enabled to buy a few things.
This announcement has caused the price of the cryptocurrency to skyrocket by more than 15%.
What should you know if you want to buy with Dogecoin on the Tesla website?
As we have mentioned, you will not be able to buy your Tesla with Dogecoin, however, the company has placed a good number of items that can be paid for with this cryptocurrency.
First, you will only be able to buy brand accessories or merchandising using this payment method. To find out what these items are, a button to pay with Dogecoin will appear when paying.
The payment process is quite simple, once you go to complete the order, the website will display the Tesla Wallet ID as well as the QR code to scan. Then, you will have to transfer the amount indicated on the site so that your purchase can be approved.
It is important to mention that any order made with Dogecoin cannot be canceled or returned once the payment has been made.
Similarly, you must ensure that you transfer the correct amount of money. The company is not responsible if you transfer a lower or higher amount.
Why Dogecoin and not other cryptocurrencies?
Since last year Elon Musk had been flirting with this possibility. Let us remember that he had previously referred to cryptocurrency and had said that it was the "currency of the people".
Many thought it was just a game or that Elon Musk just wanted to manipulate the market. However, we already see that the company never ruled out this possibility.
The CEO of Tesla had already considered the possibility of including other cryptocurrencies. In fact, for a while they were accepting payments in bitcoin, but the company ended up backing down.
The inclusion of Dogecoin, if it is final and not for a while as it happened with Bitcoin, could open the doors to other cryptocurrencies. And who knows, maybe in time you can buy a Tesla car with the bitcoins you have saved.
