Crypto as payment

Elon Musk’s Tesla starts accepting Crypto as Payment

Tesla starts accepting Crypto as Payment 

In a recent statement Elon Musk’s Tesla said that his Electric Car making company Tesla will now start accepting Dogecoin as payment at its supercharging station. He announced that the company’s supercharging station will accept cryptocurrency Dogecoin as payment.

His Supercharger  Santa Monica will officially accept Dogecoin as payment. After this announcement Santa Monica Supercharger becomes the first Supercharger in Tesla’s network to accept the crypto currency as a payment method. Elon Musk for cryptocurrency is always in news. He always endorsed Dogecoin crypto.

Time magazine’s Person of the Year 2021, Elon Musk’s  love for cryptocurrencies is no hidden secret. He keeps an eye on crypto market and has always shown a keen interest in the crypto currency. Elon Musk often shares his opinion about cryptocurrencies on social media like Twitter. In a recent interview, Elon Musk has described Dogecoin as a great cryptocurrency for transactions. Musk praised this meme coin cryptocurrency ans went on calling it even better than bitcoin, the world’s First and most popular cryptocurrency.

Is Dogecoin Future of Cryptocurrency

Talking about the strengths of this meme coin called Dogecoin,  Elon Musk continued, “Even though it was created as a joke, Dogecoin is very friendly for transactions. Dogecoin has a lot more potential in transactions per day than Bitcoin. ”

Elon musk told Dogecoin is the better cryptocurrency than Bitcoin.  Elon Musk, known for his endorsement of cryptocurrencies, revealed in October 2021 that his base is holdings of bitcoin, ethereum and dogecoin. In a recent interview with Time, the Tesla chief explained that Dogecoin is a better currency when it comes to daily transactions. “Bitcoin has a low transaction value and a high cost per transaction,” Musk told the magazine. Pointing to the price of bitcoin, he said that “it is a great currency to deposit but Bitcoin is not a good choice when it comes to everyday transactions.”

 

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