Dogecoin has been pushed as a payment method for various things lately. Things like the Dogecoin festival that accepts payments for tickets in Dogecoin. And Mark Cuban announced that his basketball team, the Dallas Mavericks, would start accepting payments in Doge. But one that the community had been waiting for was the ability to use Doge to pay for Tesla vehicles. As its CEO is one of the meme coin’s biggest supporters.
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Now it is possible to buy a Tesla electric vehicle with Dogecoin. But not directly from the EV manufacturer. Bots Inc, a global blockchain technology company, recently announced that users could buy cars like Tesla with Dogecoin. The company is known for delivering blockchain-based solutions to businesses. And his latest project was in the area of car dealerships.
Buy a Tesla with DOGE
In the press release, Bots Inc announced that it had decided to offer Doge payments to its merchants because of an arrangement with Mark Cuban and Elon Musk. This way, owners who want to get a Tesla can buy it with their Doge. Although the cars bought are needed. Regardless, used Teslas are still a bit expensive. Cars like the Tesla Model 3 fetch high prices as buyers are willing to pay for them.
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Bots Inc will also allow its dealers to purchase cars with coins other than Doge. Although the press release doesn’t list any accepted cryptocurrencies, it does mention that users can pay with both Dogecoin and other cryptos. This makes the blockchain company one of the first listed companies to accept Doge as a means of payment.
Tesla accepts Dogecoin
Elon Musk posted a poll on Twitter earlier this year asking the community whether Tesla should accept Dogecoin. The overwhelming majority voted in favor of the automaker’s acceptance of the coin. But nothing has emerged regarding the acceptance of the coin. The electric vehicle maker is unlikely to ever accept payments in Doge.
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Tesla had previously started accepting payments for its electric vehicles in bitcoin. But then it pulled out that function. Name environmental concerns with Bitcoin mining as a reason for stopping Bitcoin payments.
Musk then tweeted that the company would most likely start accepting bitcoin payments again. This would only happen if the energy used in mining reached the 50% renewable energy threshold. As miners from China migrate elsewhere, renewable electricity is becoming increasingly important in the mining industry.
Doge price remains stable above $ 0.30 | Source: DOGEUSD on TradingView.com Featured image from Tesmanian, chart from TradingView.com