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Tesla Now Accepts Dogecoin, Could X Follow Suit?

10d ago
bullish:

1

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Tesla Now Accepts Dogecoin, Could X Follow Suit?
  • Tesla now accepts Dogecoin (DOGE) for merchandise purchases.
  • Elon Musk is acquiring payment licenses for his social media platform, X.
  • Musk’s past comments and actions suggest potential DOGE integration on X.

Elon Musk, a longtime supporter of Dogecoin (DOGE), has integrated the meme-based cryptocurrency into Tesla’s payment system. Customers can now purchase select merchandise using DOGE on the Tesla website. This move follows Musk’s acquisition of payment licenses for his social media platform, X, sparking speculation about DOGE integration there as well.

Musk’s interest in DOGE dates back to 2019, and he has consistently advocated for its adoption. Tesla’s recent integration, while limited to merchandise, reflects this ongoing support. The company quietly enabled DOGE payments in early May, shortly after Musk expressed openness to the idea during a visit to a Tesla factory.

This development coincides with X’s efforts to obtain payment licenses across the United States. With 25 licenses already secured and more on the way, X is building the infrastructure necessary for peer-to-peer (P2P) transactions, similar to Venmo or Cash App. Notably, Musk reportedl…

The post Tesla Now Accepts Dogecoin, Could X Follow Suit? appeared first on Coin Edition.

10d ago
bullish:

1

bearish:

0

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