Highlights

  • Tesla will accept payment in Dogecoin for some merchandise
  • Elon Musk announces plan for Doge payment on Twitter

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Elon Musk plays 'Dogefather' again, says Doge coin can be used to buy Tesla merchandise

Technoking of Tesla has supported Dogecoin with series of tweets

A single tweet and it was a dog eat dog world in the crypto universe. As Elon Musk dawned his Dogefather avataar and tweeted that Tesla will make some merchandise buyable with Doge...Musk tweeted ...see how it goes.

Also read/watch: Elon Musk: The world's richest who began at 10

The digital token soared 33% as it got the backing from the world's richest man who was also named Time's most influential person for the year gone by.

Musk has been a vocal supporter of Dogecoin, even calling it his favourite coin during his SNL performace. The support from netizens was not far behind either. Memes and GIFs flooded microblogging site Twitter signalling the spike in cryptocurrency.

Also read/watch: Your Complete Crypto Guide: The Good, The Bad and The Ugly!

Dogecoin was initially started as a joke by its creators Billy Markus and Jackson Palmer in 2013. It takes its branding from the Japanese shiba inu dog, which inspired the original “doge” meme. Dogecoin hit a record-high price above 74 cents in May, the token is down more than 70% from its all-time high.

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