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Elon Musk announces Tesla will start accepting Dogecoin as payment
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Tesla boss Elon Musk said the electric carmaker will accept the cryptocurrency Dogecoin to purchase its merchandise on a test basis.
The price of Dogecoin surged as much as 32 per cent on the news, before settling around a 25 per cent high, according to Coinmarketcap.
"Tesla will make some merch buyable with Doge & see how it goes," Musk said in a tweet on Tuesday.
The Tesla chief has previously called Doge the "people's crypto".
Dogecoin was created as an initial joke by two software engineers, who were making fun of the wild speculation of cryptocurrencies. Doge is considered the first "Meme coin".
It is unclear what Tesla merchandise may be purchased with Dogecoin.
Musk has invested in Dogecoin as well as Bitcoin and Ether. In March, he
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