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Used Tesla’s can be purchased with Dogecoin and other cryptocurrencies

Blockchain-focused tech company BOTS Inc., or BTZI, has announced that it is now possible to buy Tesla’s used cars from local dealerships with Dogecoin and other cryptocurrencies.

Used Tesla's can be purchased with Dogecoin and other cryptocurrencies

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.

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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.”

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