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Will Tesla Accept Dogecoin (DOGE) As Payment?

Will Tesla Accept Dogecoin (DOGE) As Payment Altcoin News
  • A tweet claims that Tesla will accept DOGE as payment.
  • It says that Tesla will do so after Robinhood wallets come out.
  • The tweet sparked an interesting thread.

The Twitter crypto community is buzzing once again. This time the story revolves around Tesla possibly accepting Dogecoin (DOGE) as payment in the future. To specify, Matt Wallace, a crypto YouTuber and huge DOGE fan tweets a very bold post.

In detail, the tweet says that Tesla will soon announce accepting DOGE as payment. In fact, he says that Tesla will do so once Robinhood wallet comes out.

Just yesterday, Robinhood said that it is testing its new cryptocurrency wallet on its app. The wallet is set to help users send and receive funds such as Bitcoin and more. The benefit here is that they won’t need to convert their crypto into dollars.

Meanwhile, we know that Dogecoin is working on making major changes to its platform. The Dogecoin Foundation is going to re-establish itself. To do so, it has assembled an elite group of expert advisors from the field.

One of these elite advisors includes Vitalik Buterin — the founder of Ethereum. As an advisor, Buterin is hoping to see DOGE make a switch to Proof-of-Stake (PoS) consensus instead of its initial Proof-of-Work (PoW) consensus. In addition, Buterin also advises DOGE to put its funds into a DAO.

As for Tesla, it isn’t much of a stretch to consider the possibility of the firm. one day, Tesla Accept Dogecoin (DOGE) As Payment and Tesla has already accepted BTC as payment once before. Bitcoin isn’t even favored by the firm’s CEO — Elon Musk.

DOGE, on the other hand, is clearly Elon Musk’s favorite crypto. The tech titan has constantly confirmed his affection for it on Twitter. Not to mention both Elon and Mark Cuban believe in the community behind DOGE.

Hence, although Wallace’s tweet has no concrete proof, he certainly points out a big possibility. After all, Robinhood caters to the average folk, much like Dogecoin itself. Thus, it is likely that DOGE will gain more popularity on the platform. Perhaps, even more, once DOGE re-establishes itself.

An eager wordsmith who conveys her thoughts and fascinations through words and storytelling. Besides lurking on new and emerging technology forums, she’s always updated when it comes to blockchain.