Elon Musk announced that his Tesla products can be purchased using the cryptocurrency Dogecoin, and Dogecoin gained 11 percent after the announcement.
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In a statement on his Twitter account, Elon Musk said that Tesla Inc goods can be purchased using the digital currency dogecoin.
According to Tesla’s website, products such as “CyberWhistle” and “Cyberquad for Kids” can be purchased using cryptocurrency.
Musk tweeted in December that Tesla would accept Dogecoin as a payment for goods on a test basis.
After this tweet, cryptocurrency Dogecoin gained 37 percent.
