Musk says Tesla to accept dogecoin for merchandise


FILE PHOTO Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29 2021. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Tesla Inc will accept meme-based cryptocurrency dogecoin as payment for its merchandise such as the "Giga Texas" belt buckle and mini models of electric vehicles, Chief Executive Officer Elon Musk said in a tweet on Friday.

The move, which sent dogecoin prices 14% higher, comes a month after Musk said Tesla would test out the digital token as a payment option.

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