Rumors about Tesla emerged today that the company is testing the option to pay with Dogecoin.
Dogecoin is among the most iconic cryptocurrencies. Dogecoin, the oldest meme coin, is no longer a joke. Now it has become a cryptocurrency with a dedicated user base. This user base spends most of its time in dialogue with Dogecoin developers, proposing changes for the network. There are rumors circulating today about a new payments partnership between Dogecoin and Tesla . DOGE, the rumored news of Tesla payments is going well today in the phase of raising the value of Dogecoin.
Elon Musk plays advisor role for Dogecoin
Dogecoin and Tesla have a deep history. Billionaire entrepreneur and Tesla CEO Elon Musk spent most of 2021 making DOGE memes on Twitter . He even launched the Shiba Inu cryptocurrency as a sign of respect for the currency.
It is an important resource for the Dogecoin development team. Musk plays an advisory role, advising on changes and helping shape the Dogecoin ecosystem. The developers also revealed that they have been doing this for years.
Musk wants to push his relationship with cryptocurrency forward
this news seems to align with Elon Musk ‘s vision of cryptocurrency as a means of transacting goods. In early spring 2021 , Musk announced that Tesla would receive Bitcoin payments for its vehicles . This has never happened since. Elon Musk instantly reversed this plan after learning of the huge energy requirement for Bitcoin mining.
Rumors about Tesla ‘s option to pay with Dogecoin have yet to be confirmed. Dogecoin caused a stir as a result of Twitter speculation. Thousands of tweets about the rumors were posted to the platform this afternoon. Meanwhile, DOGE in the afternoon rose 7 percent . It also doubled on the trading volume side. Today, approximately $1.6 billion DOGE has changed hands.