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 may 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 latter was the 11th-largest cryptocurrency by market capitalization.
A Twitter user going by the handle @Tree of Alpha disclosed 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 website is Dogecoin.
Tesla appears to be referring to the Dogecoin as “SHIBA,” most likely a code-word inspired by the Dogecoin’s genuine dog visage. The dog is a Shiba Inu, a Japanese dog breed.
Rallies for Dogecoin and Shiba Inus Bring More Meme Coins to the Forefront
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 now selling at $0.2812 (approximately Rs. 20) per token.
When DOGE payments are tried, the “Order with Shiba” website redirects to a “processing” page, but not SHIB payments, according to a Twitter user with the username @Tree of Alpha.
The tweets contained photos proving that the Tesla website’s SHIBA name is Dogecoin.