Dogecoin jumps after Musk tweets Tesla merchandise 'buyable' with the token

FILE PHOTO: A representation of cryptocurrency Dogecoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration

SINGAPORE (Reuters) - Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.

"Tesla merch buyable with Dogecoin," Musk tweeted.

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