AUSTIN: Elon Musk said Tesla Inc will accept payment in Dogecoin for some merchandise, in the latest in a series of tweets supporting the cryptocurrency.
Dogecoin jumped 33%.
Some of Tesla’s "merch” would be buyable with the digital coin, the chief executive officer said today, with products including the US$150 Giga Texas belt buckle featuring the carmaker’s logo.
Last month, Tesla’s US$50 Cyberwhistle sold out almost immediately.
"See how it goes,” Musk said. Dogecoin rose to a high of $0.20 after the tweet, declining to $0.18 after the initial spike.
Musk has been a vocal supporter of Dogecoin, a "meme” cryptocurrency featuring a picture of a Shiba Inu dog.
The tweets from the world’s richest person have contributed to its rising popularity.
