crypto-economy.com
TL;DR
- Elon Musk suggested the possibility of purchasing Tesla vehicles with Dogecoin during his visit to the Berlin factory.
- Elon’s endorsement of the memecoin comes from direct requests from Tesla and SpaceX employees, as well as its widespread popularity among the general public.
- There is speculation about the possible implementation of crypto payment services in X.
Elon Musk’s recent comment during his visit to the Berlin factory has caused a stir in the crypto industry. During the event, a member of the audience asked about the possibility of buying Tesla vehicles using Dogecoin, to which Musk responded affirmatively. This suggestion has fueled speculation about the possible integration of DOGE as a payment method for Tesla products.
Musk’s endorsement of Dogecoin is not new; in fact, he has himself called it “the people’s crypto.” His support stems from direct requests from Tesla and SpaceX employees, who asked him to consider endorsing Dogecoin. This direct connection with the workforce of these companies, combined with the memecoin’s widespread popularity among the general public, has led Musk to publicly endorse it.
Elon Musk at Giga Berlin today.
“When will I be able to buy a Tesla with dogecoin?”
“At some point I think we should enable that.” 😂🔥 pic.twitter.com/Suk7bifuHC— Sir Doge of the Coin ⚔️ (@dogeofficialceo) March 14, 2024
Furthermore, Tesla had already announced previously that it would start accepting Dogecoin as a form of payment for its merchandise starting in January 2022. This decision highlights the growing acceptance of the memecoin in the business world.
Will Dogecoin Be a Payment Method in X?
Musk’s comment has also fueled speculation about the possible implementation of crypto payment services in his X application. Elon has created an ‘XPayments’ account on his application, leading the community to speculate about the possibility of accepting cryptocurrency payments, including Dogecoin, on the platform.
Despite the optimism generated by the entrepreneur’s endorsement and the potential integration of DOGE into Tesla’s services and X, there are still doubts. For example, although Tesla has announced that it will accept it for the purchase of merchandise, it has not yet been confirmed whether the cryptocurrency will be accepted as a form of payment for the purchase of Tesla vehicles. Additionally, it is unclear whether other cryptocurrencies besides DOGE will be accepted on the platform.
After the wave of speculation, it remains to be seen whether this suggestion will translate into concrete actions by Tesla and whether Dogecoin or several cryptocurrencies will indeed be integrated as a payment method in Musk’s X application.