Tesla’s CEO and avid Dogecoin supporter, Elon Musk, took to his official X account on May 17th to make an important announcement regarding a significant development on the social media platform.
This news quickly grabbed the attention of the XRP and Dogecoin (DOGE) cryptocurrency communities, sparking curiosity and excitement among its members.
Musk revealed that all major systems now operate under the X.com domain. This revelation prompted a wave of positive comments, particularly from accounts dedicated to the XRP and DOGE cryptocurrencies. The inclusion of these systems generated speculation about when DOGE payments could be integrated into the platform.
Within Musk’s post, several members of the crypto community inquired about the potential addition of Dogecoin payments to the platform.
Musk’s tweet stated, “All core systems are now on https://t.co/bOUOek5Cvy,” accompanied by an image. This post was published on May 17, 2024.
However, it should be noted that Musk clarified that the launch of payment services on the platform hinges on the approval of money transmission license applications.
In early March, rumors began swirling in the crypto space that Tesla, under Musk’s visionary leadership, might start accepting Dogecoin as a payment method for its vehicles. On May 4th, these rumors turned into reality, marking a significant milestone for both the automotive industry and the cryptocurrency market.
Tesla has updated its payments page to include Dogecoin, officially announcing that the widely embraced meme coin within the crypto community is now a recognized payment option for purchasing Tesla products. This decision follows Musk’s enthusiastic comments in March during an event at the Tesla Gigafactory near Berlin, where he mused, “It might be interesting to think about Dogecoin as a potential form of payment.”
Disclaimer: The opinions expressed in this article, by the author or individuals mentioned, are solely for informational purposes and should not be construed as financial, investment, or any other form of advice. Investing or trading cryptocurrencies carries the risk of potential financial loss.
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