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Tesla to accept Dogecoin as payment at Supercharging station – Times of India

SAN FRANCISCO: Tesla CEO Elon Musk has introduced that the corporate’s supercharging station will accept cryptocurrency Dogecoin as payment.
Santa Monica Supercharger will formally accept Dogecoin as payment, making it the primary Supercharger in Tesla’s community to accept the crypto as a payment technique.
“Of course, you can pay in Doge (sic),” mentioned Musk in response to a tweet by Ryan Zohoury, the founder of Tesla Console who mentioned that solely ten minutes after the brand new Santa Monica Superchargers was opened they had been already full.
Musk, a vocal proponent of each Doge and Bitcoin, has lengthy hinted towards bringing Doge as a payment technique to varied elements of Tesla’s enterprise. The firm does accept Doge in its on-line retailer and there have been rumours of Tesla ultimately accepting the crypto as a kind of payment for its autos.
In a current interview, Musk had additionally endorsed Dogecoin over some other crypto coin.
“The transaction value of Bitcoin is low and the cost per transaction is high. At least at a space level, it is suitable as a store of value. But fundamentally, Bitcoin is not a good substitute for transactional currency,” he mentioned.
Musk additionally confirmed that he has a big private funding into bitcoin on high of Tesla’s funding and he has smaller Ethereum and Dogecoin holdings.

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