Musk Breaks: Tesla Will Accept Dogecoin Payments
DOGE, Musk breaks: Tesla will accept Dogecoin payment Golden Finance, Tesla will accept DOGE payment
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DOGE, Musk breaks: Tesla will accept Dogecoin payment Golden Finance, Tesla will accept DOGE payment
Elon Musk confirmed at a recent press conference that Tesla will soon enable Dogecoin payments, stating that DOGE will soon become one of the official payment methods for purchasing Teslas. But he did not specify when the payment method is expected to be enabled.
The company reported $33 million in impairment charges to its bitcoin holdings, however.
The electric car company did not buy or sell any bitcoin in the quarter, after selling 75% of its holdings in the second quarter.
Merchants that accept crypto rather than credit cards for payments can expect to save as much as 3.5% — or more.
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Elon Musk's electric car maker has sold off most of its BTC reserves, according to a financial report released Wednesday.
Tesla has started accepting Dogecoin for company merchandise. However, the company states that it does not offer refunds for products purchased using DOGE.
The site will use a combination of solar panels and battery storage from excess daylight to power Bitcoin mining.