Used Tesla’s can be purchased with Dogecoin and other cryptocurrencies
In a statement published on Monday (16), the company said many car dealers and manufacturers have recognized that the popularity of cryptocurrencies represents an opportunity to reach new customers.
“ BTZI became one of the first publicly traded companies to accept Dogecoin as a payment for its products and services,” the company said. “BTZI will be offering Dogecoin merchant processing services to Pre-owned TESLA EV dealers and individuals first.”
As reported by BOTS in the statement, in February Tesla began accepting Bitcoin as a form of payment. At the same time, the company made history by buying $1.5 billion worth of BTC.
However, in May 2021, Tesla CEO Elon Musk said the automaker would no longer accept the cryptocurrency. That’s because the company would be concerned about the environmental impact of digital currency mining.
- “If you’re going to buy cryptocurrency, buy Ethereum,” says ex-Goldman Sachs
- Protests in El Salvador call for an end of Bitcoin as local currency
- “I have Bitcoin, Tesla has Bitcoin, SpaceX has Bitcoin,” says Elon Musk
As early as last month, Elon Musk said.
“Tesla will ‘probably’ go back to accepting Bitcoins as payments.”
Meanwhile, the global shortage of microchips has forced automakers to scale back production of new cars. Thus, the demand for used Tesla vehicles grew, heating up this market.
Alongside this, Musk and billionaire Mark Cuban’s support of Dogecoin has driven not only the price of the cryptocurrency, but also its popularity.
Cuban, for example, recently said that “Doge’s community is the strongest when it comes to using it as a medium of exchange.”