The largest car manufacturer by market cap, Tesla, has enabled Dogecoin payments months after halting BTC settlements due to environmental issues. As a result, DOGE’s price spiked by double digits.
It’s no secret that Elon Musk, the current richest man, is a fan of the original memecoin – Dogecoin. His support, though, went on another level just recently as Tesla, one of the companies that he spearheads, decided to enable DOGE payments for its products.
The company explained that users wanting to opt for the memecoin option need to have such a wallet, and they can transfer funds through an alphanumeric code or a QR code once connected.