Elon Musk, the CEO of Tesla, recently hinted that the electric-car manufacturer might soon accept Dogecoin (DOGE) as an official payment method for Tesla cars. This announcement was made during an interaction with the public at the Berlin Gigafactory on March 13, where Musk responded positively to a question from an audience member about the possibility of using DOGE to purchase Tesla vehicles.

Following Musk’s statement, the market price of Dogecoin experienced a sudden surge, jumping from $0.172 to $0.188, marking a 9.3% increase. This news has generated excitement among investors and the crypto community.

Musk has shown his support for Dogecoin in the past, stating that it is “people’s crypto” and expressing his willingness to back it. The CEO first began endorsing DOGE after receiving requests from employees at the Tesla Gigafactory and visitors at SpaceX to support the cryptocurrency as an official mode of payment.

While Tesla already accepts Dogecoin payments for its merchandise since January 14, 2022, Musk’s recent comments have sparked speculation about the possibility of expanding these payment options to include purchasing Tesla vehicles with DOGE in the future.

Additionally, Musk’s platform X, formerly known as Twitter, has created an ‘XPayments’ account, hinting at the potential implementation of cryptocurrency payments in the app. There is anticipation that the X app will introduce in-app payment services by mid-2024, but it remains uncertain whether this feature will support cryptocurrencies like Dogecoin.

As the crypto community eagerly awaits further developments, Musk’s support for Dogecoin continues to drive interest in the popular meme cryptocurrency.

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