Complete News World

It is now possible to buy Tesla with Dogecoin

It is now possible to buy Tesla with Dogecoin

A listed company has decided to accept the cryptocurrency Dogecoin (DOGE) in the sale of used vehicles from Tesla. This initiative is a pioneer among publicly traded companies, which have not yet looked at meme coin as an alternative.

Dogecoin’s popularity has skyrocketed in recent months, with the CEO of Tesla, Elon Musk, talks about it a lot to his nearly 60 million followers on Twitter.

With this massive impulse, from one of the richest men in the world, the cryptocurrency broke consecutive records in the market, reaching a maximum quote of 0.73 USD per unit at the brokers. Today, even with its price at $0.32, 55% below its all-time high, the coin continues to attract attention.

In addition to Elon Musk, billionaire Mark Cuban now claims to be a fan of Dogecoin, although there are Only $494.00 (about 2500.00 Brazilian Real) invested in the currency.

Publicly owned Bots Inc now sells Tesla used by Dogecoin

a Tesla even thought about accepting Dogecoin As a means of payment and even the implementation of a feature for this cryptocurrency, according to Elon Musk, but this has not happened yet.

However, one company ended up seeing an opportunity to go ahead and make that announcement to the market, being Bots, Inc. (OTC: BTZI) The latest company to accept Dogecoin as a payment method for buying used Tesla cars.

“BTZI became one of the first publicly traded companies to accept Dogecoin as a form of payment for their products and services.”

The company made it clear in its press release that it is considering accepting cryptocurrencies as a method of payment.

See also  Robinhood roller coaster game continues on Wall Street. Fintech up 81% - Markets

One of the currencies analyzed was Bitcoin, which has also been accepted by Tesla as a payment method in recent months. However, since the company under Musk’s leadership stopped accepting BTC due to environmental concerns, the Bots refused to accept this coin as well.

Company managers said they agree with Marc Cuban and Elon Musk About Dogecoin being a better payment method, although its price is more volatile and risky than Bitcoin in the market.

“Bots Inc managers agree with Elon Musk and Mark Cuban and have decided to offer these crypto merchant account services to allow TESLA EV enthusiasts to purchase used cars with Dogecoin and other cryptocurrencies and subsequently offer cryptocurrency acceptance services to car manufacturers and other dealers.”

No other cryptocurrency will be accepted by the company during this implementation.

According to Bots, the used car segment is heating up after a shortage of parts and components in the market, especially chips. In other words, it is difficult for automakers to create new cars for their customers.

Thus, the opportunity for car dealerships and manufacturers to trade their used cars with more customers, accepting cryptocurrencies, is promising.