Tesla Inc is now accepting meme-based Cryptocurrency Dogecoin as payment for some merchandise on its online store.
“Tesla merch buyable with Dogecoin,” Musk tweeted.
His mid-December tweet saying such use of dogecoin will be allowed on a test basis sent the cryptocurrency up more than 20%.
Dogecoin, popular among retail investors, raced up 18% to above $0.2 after Friday’s tweet.
READ: Nuria becomes the first Kenyan store to accept Dogecoin as payment
Musk’s tweets on the cryptocurrency, including the one where he called it the “people’s crypto”, buoyed the meme coin and caused it to soar roughly 4,000% in 2021.
Dogecoin jumped over 33 per cent and continues to rise after this.
A quick check by Kenyanbusinessfed.com shows some items such as the Kids electric bike Cyberquad and CyberWhistle went out of stock, in minutes after Musk’s tweet.
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