Elon Musk's Tesla will now start accepting Dogecoin as payment at its supercharging station

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Elon Musk's Tesla will now start accepting Dogecoin as payment at its supercharging station
Representative image IANS
TeslaCEO Elon Muskhas announced that the company's superchargingstation will accept cryptocurrency 狗狗as payment.
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Santa Monica Supercharger will officially accept Dogecoin as payment, making it the first Supercharger in Tesla's network to accept the crypto as a payment method.

"Of course, you can pay in Doge (sic)," said Musk in response to a tweet by Ryan Zohoury, the founder of Tesla Console who said that only ten minutes after the new Santa Monica Superchargers was opened they were already full.

Musk, a vocal proponent of both Doge and Bitcoin, has long hinted toward bringing Doge as a payment method to various parts of Tesla's business. The company does accept Doge in its online store and there have been rumours of Tesla eventually accepting the crypto as a form of payment for its vehicles.

In a recent interview, Musk had also endorsed Dogecoin over any other crypto coin.

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"The transaction value of Bitcoin is low and the cost per transaction is high. At least at a space level, it is suitable as a store of value. But fundamentally, Bitcoin is not a good substitute for transactional currency," he said.

Musk also confirmed that he has a significant personal investment into bitcoin on top of Tesla's investment and he has smaller Ethereum and Dogecoin holdings.

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