- Dogecoin could soon be used to buy Tesla automobiles and services.
- The price of Dogecoin is currently $0.2754.
- As of now, neither Musk nor Elon Musk has acknowledged or refuted the news.
Tesla may have been experimenting with Dogecoin as a cryptocurrency payment option. According to a review of Tesla’s source code, the option to “Order in SHIBA” is listed between the existing options of “Order with Card” and “Order with Bitcoin.”
On Twitter, one user speculated that this could allude to Dogecoin rather than the Shiba Inu (SHIB) cryptocurrency.
This makes sense, given Musk’s backing for Dogecoin while politely dismissing the Shiba Inu token. However, at the time, the crypto token was the 11th-largest cryptocurrency by market capitalization.
THE SOURCE CODE TO DOGE
A Twitter user going by the handle @Tree of Alpha revealed in an eight-part thread that when DOGE payments are attempted, the “Order with Shiba” page redirects to a “processing” page, but not SHIB payments. The tweets included images demonstrating that the SHIBA name on the Tesla page is Dogecoin.
Tesla appears to be referring to the Dogecoin as “SHIBA,” most likely a code-word inspired by the Dogecoin’s real dog visage.
The dog is a Shiba Inu, a Japanese dog breed. As of present, Musk’s reaction or acknowledgement of the development is unknown.
Musk asked people on Twitter in May if they thought Tesla should accept DOGE as a form of payment, and 78.2 percent of those who responded replied yes.
However, there has been no significant progress on that front as of yet. According to CoinMarketCap, the meme-based coin is currently selling at $0.2812 per token.
PEOPLE WARNING OVER MEME TOKENS
At a time when the euphoria surrounding DOGE and SHIB tokens is building, US whistleblower Edward Snowden has cautioned meme currency investors to be “careful.”
In between the glorious war of Shiba vs Doge, Snowden wrote on Twitter that, “If you got talked into exchanging your hard-earned savings for some new dog money because a meme said you’d get rich, please carefully consider your odds.”
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