Currencies32920
Market Cap$ 2.68T+1.51%
24h Spot Volume$ 112.50B-1.24%
DominanceBTC59.60%+0.53%ETH7.14%-2.23%
ETH Gas0.58 Gwei
Cryptorank
MainNewsElon Musk’s ...

Elon Musk’s Tesla Adds Dogecoin Payments On Its Website, Is X Next?

Elon Musk’s Tesla Adds Dogecoin Payments On Its Website, Is X Next?

Tesla, an American multinational automotive and clean energy company led by billionaire entrepreneur, Elon Musk, has announced that it will now accept Dogecoin (DOGE) as a form of payment on certain products in the Tesla shop. 

This move comes as an exciting development for Tesla and the broader crypto community as it marks another pivotal instance where major corporations embrace meme-based cryptocurrencies. Additionally, it also raises speculations about whether Musk’s other ventures, particularly X Payments, could follow suit and adopt Dogecoin. 

Tesla Integrates Dogecoin As A Payment Method

Tesla has integrated Dogecoin into its payments system, allowing users to purchase merchandise when they opt for Dogecoin-eligible products. The automotive company made the announcement on its official platform, providing a comprehensive overview of utilizing Dogecoin for payments, including details on associated fees and requirements. 

Related Reading: Is Buying XRP A Profitable Trade? Crypto Analyst Says It’s “Dead”

Tesla disclosed that customers can use Dogecoin to purchase merchandise through the Tesla shop. Additionally, select products will have prices listed in DOGE, making it easier for customers to identify products eligible for DOGE payments. 

The automotive firm has also indicated that Dogecoin payments may take between one minute to six hours to process and confirm during transactions. Moreover, the company has emphasized that it only recognizes and accepts Dogecoin in its digital currency payments, disregarding other cryptocurrencies. 

Following Tesla’s announcement, the price of DOGE has been moving upward by 0.78%, trading at $0.16, as of writing. It also experienced a 15.48% increase over the past few days, according to CoinMarketCap. 

A member of the crypto community, identified as “Kyledoops,” on X (formerly Twitter), disclosed that Dogecoin’s price has surged by more than 40% over the past four days, suggesting that the upward momentum may have been an anticipatory move to Tesla’s impending announcement. 

As the crypto community closely monitors  DOGE’S performance post-Tesla’s announcement, speculations are building concerning X Payments being the next in line for DOGE adoption. 

Is X Payments The Next Stop For DOGE Adoption?

The possibility of Dogecoin being integrated into Musk’s recently launched X Payment platform has been an ongoing debate within the crypto community even before the platform’s release. With Musk endorsing the popular meme-based cryptocurrency by accepting it as a payment method on Tesla, expectations of X Payments being the next stop for DOGE adoption are high. 

The integration of Dogecoin into X Payments could open up new avenues for its everyday use, fostering the adoption of the cryptocurrency and providing community members more flexibility and accessibility when they navigate the social media platform, X. Despite expectations being high, neither Musk nor the X team has disclosed information regarding the potential incorporation of DOGE payments into X’s platform.

Dogecoin price chart from Tradingview.com

Read the article at Bitcoinist

Read More

Dogecoin Crashes 20%, But ‘Bull Line’ Signals Hope For HODLers

Dogecoin Crashes 20%, But ‘Bull Line’ Signals Hope For HODLers

Amidst a broader crypto market crash, the Dogecoin price is down more than 20% in the...
Apr, 07, 2025
4 min read
by NewsBTC
Will Dogecoin Recover After Breaking Below Critical Support?

Will Dogecoin Recover After Breaking Below Critical Support?

Dogecoin has dropped to $0.1336 on the 4-hour chart, nearing its lowest value since N...
Apr, 07, 2025
2 min read
by TheNewsCrypto
MainNewsElon Musk’s ...

Elon Musk’s Tesla Adds Dogecoin Payments On Its Website, Is X Next?

Elon Musk’s Tesla Adds Dogecoin Payments On Its Website, Is X Next?

Tesla, an American multinational automotive and clean energy company led by billionaire entrepreneur, Elon Musk, has announced that it will now accept Dogecoin (DOGE) as a form of payment on certain products in the Tesla shop. 

This move comes as an exciting development for Tesla and the broader crypto community as it marks another pivotal instance where major corporations embrace meme-based cryptocurrencies. Additionally, it also raises speculations about whether Musk’s other ventures, particularly X Payments, could follow suit and adopt Dogecoin. 

Tesla Integrates Dogecoin As A Payment Method

Tesla has integrated Dogecoin into its payments system, allowing users to purchase merchandise when they opt for Dogecoin-eligible products. The automotive company made the announcement on its official platform, providing a comprehensive overview of utilizing Dogecoin for payments, including details on associated fees and requirements. 

Related Reading: Is Buying XRP A Profitable Trade? Crypto Analyst Says It’s “Dead”

Tesla disclosed that customers can use Dogecoin to purchase merchandise through the Tesla shop. Additionally, select products will have prices listed in DOGE, making it easier for customers to identify products eligible for DOGE payments. 

The automotive firm has also indicated that Dogecoin payments may take between one minute to six hours to process and confirm during transactions. Moreover, the company has emphasized that it only recognizes and accepts Dogecoin in its digital currency payments, disregarding other cryptocurrencies. 

Following Tesla’s announcement, the price of DOGE has been moving upward by 0.78%, trading at $0.16, as of writing. It also experienced a 15.48% increase over the past few days, according to CoinMarketCap. 

A member of the crypto community, identified as “Kyledoops,” on X (formerly Twitter), disclosed that Dogecoin’s price has surged by more than 40% over the past four days, suggesting that the upward momentum may have been an anticipatory move to Tesla’s impending announcement. 

As the crypto community closely monitors  DOGE’S performance post-Tesla’s announcement, speculations are building concerning X Payments being the next in line for DOGE adoption. 

Is X Payments The Next Stop For DOGE Adoption?

The possibility of Dogecoin being integrated into Musk’s recently launched X Payment platform has been an ongoing debate within the crypto community even before the platform’s release. With Musk endorsing the popular meme-based cryptocurrency by accepting it as a payment method on Tesla, expectations of X Payments being the next stop for DOGE adoption are high. 

The integration of Dogecoin into X Payments could open up new avenues for its everyday use, fostering the adoption of the cryptocurrency and providing community members more flexibility and accessibility when they navigate the social media platform, X. Despite expectations being high, neither Musk nor the X team has disclosed information regarding the potential incorporation of DOGE payments into X’s platform.

Dogecoin price chart from Tradingview.com

Read the article at Bitcoinist

Read More

Dogecoin Crashes 20%, But ‘Bull Line’ Signals Hope For HODLers

Dogecoin Crashes 20%, But ‘Bull Line’ Signals Hope For HODLers

Amidst a broader crypto market crash, the Dogecoin price is down more than 20% in the...
Apr, 07, 2025
4 min read
by NewsBTC
Will Dogecoin Recover After Breaking Below Critical Support?

Will Dogecoin Recover After Breaking Below Critical Support?

Dogecoin has dropped to $0.1336 on the 4-hour chart, nearing its lowest value since N...
Apr, 07, 2025
2 min read
by TheNewsCrypto