Electric car maker Tesla has started selling its own products in exchange for dogecoin. Interestingly, Dogecoin started out as a joke.
On Friday, Tesla chief Elon Musk confirmed the news of the sale of the product in exchange for Dogecoin on his Twitter account. He has already come up with various indications in this regard.
According to the BBC, the price of Dogecoin has gone up after Mask's tweet. Earlier, the market price of Bitcoin and Dogecoin fluctuated more than once due to Musk's statement.
A month ago, Mask announced that Tesla would test digital tokens as a means of transaction. The company's products are available for purchase in exchange for dogecoin - the price of the digital currency rose 14 percent after Mask tweeted.
Dogecoin started its journey in 2013 in the cryptocurrency frenzy of the technology industry. However, in the last year alone, its price has increased by four thousand percent. And Elon Musk has a big role behind this price increase.
Musk himself has invested in Dogecoin, calling it "People's Crypto". His company, SpaceX, will use it as a medium of transaction, he said.
Tesla demanded investment in Bitcoin in 2021, and announced plans to sell cars to interested buyers in exchange for cryptocurrencies. However, Tesla later moved away from that thought.