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- Tesla, one of the world’s largest electric car manufacturers, has updated its official website to include Dogecoin (DOGE) as a payment option.
- According to the official website, Tesla products can be purchased using American Express, Discover, Mastercard, Visa, Apple Pay, and now, Dogecoin.
- However, Dogecoin can only be used to purchase certain products and not Tesla cars.
Tesla now accepts Dogecoin as a payment option for certain products, marking another significant step for the cryptocurrency in the mainstream market.
Tesla Adds Dogecoin to Payment Options
Tesla, a leading electric car manufacturer, has updated its payment options on its official website to include Dogecoin. This move signifies the increasing acceptance of cryptocurrencies in mainstream markets. However, it should be noted that Dogecoin can only be used to purchase certain products and not Tesla cars.
Dogecoin’s Volatility Affects Pricing
For users wishing to purchase Tesla products with Dogecoin, a price equivalent in DOGE is provided. However, this is only valid for a short period due to the cryptocurrency’s volatility. After a while, the price needs to be updated. This is attributed to the high volatility of Dogecoin.
No Bitcoin Payments for Tesla Products
Currently, it is not possible to purchase any Tesla products with Bitcoin. There was a time when Tesla cars could be purchased with BTC, but this is no longer the case.
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Conclusion
Tesla’s move to include Dogecoin as a payment option is a significant development for the cryptocurrency market. While it’s only applicable for certain products and not Tesla cars, it still represents a step forward in the mainstream acceptance of cryptocurrencies. However, the high volatility of cryptocurrencies like Dogecoin remains a challenge.
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