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The world’s leading electric car company, Tesla will soon be accepting Dogecoin as a payment method for all its car charging stations.

According to a tweet from founder and CEO of electric vehicle production company, Tesla and Billionaire, Elon Musk, Tesla will very soon accept dogecoin as a legit payment method for its charging stations. Following the announcement, the value and price of Dogecoin starting to climb once more.

Dogecoin at Merch Store

This new development is mostly following Tesla’s announcement in December, to accept Dogecoin payments for special items in its merchandise store, highlighting how much Elon Musk supports this cryptocurrency and wants to move forward with it. As of now, the merchandise support is selling items like t-shirts, hats, small car models a bunch of other stuff that has attracted many customers.

New Developments Coming Soon

The tweet from Elon was authenticated by the Founder of Tesla Console, Rayan Zohoury in a follow up tweet that mentioned that nearly ten minutes after the new announcement, charging stations at several different locations started experiencing a ton of traffic, showing how important cryptocurrency has become for many people these days.

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Elon also replied to Rayan, tweeting that a plan for a “futuristic dinner/ drive-in theater” is in the works for the “Hollywood” region, which will obviously allow people to the choice to have Dogecoin as a legit payment method.

Better Alternative to Bitcoin

Dogecoin has been a part of the cryptocurrency world, back when it was introduced formally by Billy Markus and Jackson Palmer, in the year 2013. It was said to be a playful choice compared to Bitcoin, having unique features such as, accessible mining code.

Regarding Bitcoin, Elon Musk stated to Time Magazine, that the overall value of dealing in Bitcoin is quite “low” and subsequently, the transaction fee “is high” as well and it is more suited to be a “store of value”, making it bad alternative to traditional currency.

To the Moon!

Compared to 2013, the current performance of Dogecoin is off the charts, seeing huge value increase, as it is providing people an opportunity to play around with it, without the need for having to study about the technical aspects that are involved in its working. The logo of the cryptocurrency also has the picture of the popular meme “Doge”.

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Nathan Ferguson

By Nathan Ferguson

Nathan Ferguson is a talented crypto analyst and writer at Herald Sheets, dedicated to delivering comprehensive news and insights on the ever-evolving digital currency landscape. With a strong background in finance and technology, Nathan's expertise shines through in his well-researched articles and thought-provoking analysis. He holds a degree in Economics from the University of Chicago, and his passion for cryptocurrency drives him to stay up-to-date with the latest industry trends and developments.