Because of two main reasons, Tesla is not adding support for Dogecoin as a payment option for its Car customers.
Tesla is a giant electric car manufacturer company, which is known to produce a luxurious car with luxurious ecosystem with lots of AI-integrated systems that can drive the car automatically. Elon Musk is the owner and CEO of Tesla. Elon loves Dogecoin more than Bitcoin & Ethereum but still not adding Dogecoin as a payment option at Tesla. Possibly there may be two possible reasons behind this question.
Price impact on Dogecoin
No doubt that the price of Dogecoin is very high from its original price but still liquidity is a very big issue. At present, Doge’s rank is 11 with a $9.17 global trade volume, which is enough to show the potential of a Crypto asset.
But still, In the present time, Doge is not at that level where we can consider it a currency tool because Tesla car pricing remains very high and if a single person will buy a car through Doge payment then it may result in significant up & down in the price of Dogecoin.
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
Elon doesn’t want to be a decision Changer
In 2021, Tesla Introduced Bitcoin as a payment option for its customers but after a few months, Tesla suspended the Bitcoin payment option, claiming Bitcoin is not a good option in the payment system.
The next day, Tesla CEO Elon tweeted that Dogecoin is much better than Bitcoin & other cryptocurrencies to use in the payment options. At that time, the majority of the speculations claimed that Elon may put Doge in place of Bitcoin. So there are chances that Elon doesn’t want to be a part of such speculation.
However, few Tesla Merchs are available on the Tesla website, which can be bought in Dogecoin payment but these things are showing that Tesla is not confident to accept Dogecoin at a high level.
Read also: Revolut secures regulatory approval to provide crypto services
Why is Tesla not accepting Dogecoin to sell car products?
https://bitcoinik.com/why-is-tesla-not-accepting-dogecoin-to-sell-car-products/feed/
https://bitcoinik.com/why-is-tesla-not-accepting-dogecoin-to-sell-car-products/feed/
🚀🚀Get ready for the biggest ICO of 2022.
✅ICO Round 1 is Sold Out
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005 (Sold Out)
✅Round-2 price: $0.001
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008
👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.
🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀
👩🏻💻For more details pls read pdf in marketing tools section in dashboard.
#koinswap #kst #nft #metaverse #blockchain
𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://koinswap.io/register?referralcode=CFxqfP
▬▬▬▬▬▬▬▬▬▬▬▬▬▬
THIS IS A LIFE CHANGING OPPORTUNITY
*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*
TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
👇👇👇👇👇👇
https://koinswap.io/register?referralcode=CFxqfP
JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl
In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA
https://koinswap.io/register?referralcode=CFxqfP
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
