Billionaire Tesla creator Elon Musk revealed Friday (January 14) that the business would take Dogecoin as a form of payment from consumers. Customers cannot, nevertheless, purchase electric cars with Dogecoin; they may only purchase chosen products from the firm’s web shop.
According to the most recent cryptocurrency conversion rate, one Dogecoin is now worth $0.20. It’s worth noting that Tesla briefly allowed Bitcoin from consumers in June 2021 to purchase even automobiles.
However, it was eventually revoked because of the concerns raised by environmentalists about Bitcoin mining. It was pointed out that the energy required to operate power-intensive computers that solve mathematical problems in order to gain Bitcoin as reward was generated by coal-fired power plants.
Musk guaranteed cryptocurrency supporters that the corporation will reintroduce Bitcoin based dealings after miners start validating transactions using sustainable energy. At the moment, one Bitcoin is worth about $42,993.
