Dogecoin (DOGE) Gets Elon Musk’s Nod as a Payment Option for Tesla and SpaceX Merchandise

Summary:

  • Elon Musk has stated via Twitter that Tesla will now start accepting Dogecoin (DOGE) as a payment option for its merchandise.
  • Elon Musk also announced that SpaceX would soon start accepting Dogecoin for its merchandise purchases.
  • The announcement has elicited excitement from the crypto community, as well as suggestions such as Tesla accepting Dogecoin for car payments and Starlink subscriptions via DOGE.
  • Earlier this week, Musk increased his commitment to Twitter’s takeover bid to $33.5 billion.

Elon Musk, the CEO of both Tesla and SpaceX, has announced that the two companies will accept Dogecoin (DOGE) as a means of payment for merchandise.

Tesla merchandise can now be bought using the meme-coin with the use of Dogecoin as a payment option for SpaceX merch to be integrated soon. Elon Musk’s announcement on the Dogecoin integration as a means of payment can be found in the tweet below.

Tesla merch can be bought with Doge, soon SpaceX merch too

— Elon Musk (@elonmusk) May 27, 2022

Dogecoin as a Payment Option for Tesla and SpaceX Merchandise Excites the Crypto Community

Mr. Musk’s announcement of Dogecoin integration as a payment option for Tesla and SpaceX merchandise was met with excitement by the crypto and DOGE communities.

Some DOGE community members asked Elon Musk whether Dogecoin will soon be accepted as a payment option for Tesla vehicles and even Starlink subscriptions. Below are some samples in response to Elon’s announcement on Dogecoin payments for Tesla and SpaceX merchandise.

Do you think Tesla will ever accept doge to buy cars? – by @greg16676935420

Thank you DogeFather – by @itsALLrisky

Currently down 100% on Dogecoin but i still think it’s the future of finance – by @its_menieb

This made your day, $DOGE fam – by @Jay_OKX (CEO of OKX Crypto exchange)

Dogecoin (DOGE) Gets Elon Musk's Nod as a Payment Option for Tesla and SpaceX Merchandise 12
Elon Musk responding to the possibility of Dogecoin for Starlink subscriptions. Source, Twitter

Elon Musk Increases his Twitter Commitment to $33.5 Billion

Earlier this week, Elon Musk increased his commitment to purchase Twitter to $33.5 billion. According to CNBC, Elon Musk is in talks with Twitter founder and former CEO Jack Dorsey and others to help finance and complete the deal.

In a May 24th letter to investors, Elon Musk expressed his commitment to completing the deal by stating the following:

This letter agreement confirms the commitment of the Equity Investor, subject to the conditions set forth herein, to, directly or indirectly, contribute to or otherwise provide equity capital to Parent at or immediately prior to the Closing (or cause an assignee to do the same) in an aggregate amount equal to $33,500,000,000 (such commitment, the “Aggregate Equity Commitment”), or such lesser amount as is necessary to fully discharge, when taken together with the aggregate proceeds of the Debt Financing (or, if applicable, Alternative Financing) actually funded at Closing…

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