Tesla's Elon Musk confirmed on Tuesday the carmaker would accept Dogecoin for payment of certain products on a test basis.
"Tesla will make some merch buyable with Doge & see how it goes," Musk tweeted.
Dogecoin’s price popped in the wake of the tweet, spiking over $0.20.
But information as to the actual offer is still limited. Tesla sells a range of merchandise that can cost anywhere between $50 and $1,500.
Earlier this week, Musk was named TIME Magazine’s Person of the Year.
While Dogecoin started as a joke, it now means serious business. Back in May, Dogecoin exploded in popularity as big names rallied behind it, including Elon Musk who tweeted, “Who let the doge out?”.
Maja Garaca Djurdjevic
Maja's career in journalism spans well over a decade across finance, business and politics. Now an experienced editor and reporter across all elements of the financial services sector, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies.
