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 Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoTesla Inc (TSLA.O) will accept the meme-based cryptocurrency dogecoin as payment for its products such as the "Giga Texas" belt buckle and mini electric vehicle models, CEO Elon Musk said on Friday in a tweet.
The move which sent dogecoin prices up 14% higher, comes a month after Musk said Tesla would test the digital token as a payment option. Musk, a voucal of cryptocurrencies has heavily influenced dogecoin and bitcoin prices, and at one point said the company would accept bitcoin for the purchase of its cars before scrapping the plans.
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