Meme-based cryptocurrency Dogecoin Jumped on Friday after Tesla CEO Elon Musk The electric car maker said it would accept it as a payment for goods. “”Tesla Products that can be purchased with Dogecoin. ” A tweet in mid-December stated that the use of such Dogecoin was allowed on a test basis, with cryptocurrencies rising by more than 20%.
Dogecoin, which is popular among retail investors, rose 18% to above $ 0.2 after a tweet on Friday. Musk’s tweets about cryptocurrencies, including what he called “people’s crypto,” highlighted Memecoin and surged it by about 4,000 percent in 2021.
Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer who decided to create a payment system. About 113 billion coins have already been mined.
Musk had previously confirmed that it was “most likely” to resume Bitcoin payments after due diligence on improving the energy mix used to mine cryptocurrencies.
“We needed a little more due diligence to make sure that renewable energy usage was likely to be above 50% and tended to increase. If so, Tesla would have to use Bitcoin. We will resume acceptance, “Musk said.
(With input from Reuters and IANS)
Tesla fan, Elon Musk has good news for you if you love Dogecoin
Source link Tesla fan, Elon Musk has good news for you if you love Dogecoin