Tesla and cryptocurrency

Tesla has announced that it will accept Dogecoin cryptocurrency as payment for certain goods. The company has announced it will accept Dogecoin cryptocurrency as payment for certain items.

The company's shop offers clothing, accessories, cars and other items. Goods available for purchase for cryptocurrency are marked with a special icon. The Tesla website notes that purchases made with Dogecoin cannot be returned, exchanged or cancelled. It is also stressed that the online shop does not work with other cryptocurrencies.

Elon Musk himself tweeted on Friday that Tesla products "can now be bought with Dogecoin". He has previously spoken positively about Dogecoin on his microblog on several occasions.

Cryptocurrency is a type of digital currency whose creation is based on cryptographic methods. The functioning of such systems is based on blockchain technology, a decentralised database in which storage devices are not connected to a common server.

Tesla was founded in 2003. At first, the firm focused solely on electric cars, but it later began building solar panels and other energy storage systems as well. In October 2021, the company's market value exceeded $1 trillion for the first time.