Tesla is allowing customers to buy select merchandise items using Dogecoin, according to the website and a tweet from CEO Elon Musk.
“Dogecoin is a cryptocurrency that can be used to purchase this item. The DOGE price includes shipping and taxes,” the website said.
Musk has been interested in Dogecoin of late, having discussed in May the potential “efficiency” of the cryptocurrency compared to Bitcoin. Then in December, he tweeted that the company would “make some merch buyable with Doge & see how it goes.” Following Musk’s announcement today, Dogecoin has gone up around 14 percent over the last 24 hours.
According to the store, Dogecoin is now the only way to buy those items as a cash option is no longer showing.
A release issued by Tesla details as below:
What can I buy from Tesla with Dogecoin?
Look for the Dogecoin symbol next to the “order” button for Dogecoin-eligible products.
How do I buy something from Tesla with Dogecoin?
To purchase using Dogecoin on the Tesla Shop, you will need a “Dogecoin wallet.” A Dogecoin wallet is a device, platform, app or software that supports Dogecoin transfers. When checking out with Dogecoin, the payment page will display the Tesla Dogecoin wallet “address” in both an alphanumeric code and a QR code form for you to connect to your Dogecoin wallet to transfer the Dogecoin. It is the responsibility of the purchaser to ensure that Dogecoin is transferred to Tesla’s Dogecoin wallet accurately.
How do I know how much Dogecoin to enter?
All eligible Tesla products will be clearly priced in Dogecoin. This price will include any applicable taxes.
Note: The timer on the payments page will display the amount of time you have to complete your payment. If time expires, you will need to restart the order process. If the order process is restarted, your alphanumeric or QR code, Dogecoin wallet address and/or the Dogecoin price might be updated.
It is the responsibility of the purchaser to ensure that Dogecoin is transferred accurately.
Are there any fees associated with my Dogecoin payment?
Yes. The Dogecoin network charges network fees each time a payment is made in Dogecoin. Consult your Dogecoin wallet provider for information regarding additional fees. The purchaser is responsible for any fees associated with a Dogecoin transaction..
What if I send the wrong amount?
If the incorrect amount of Dogecoin is transferred, your order may be subject to cancellation.
Note: If an order is overpaid in Dogecoin, the overpayment amount will not be refunded to the original form of payment.
Can I send more than one payment using multiple wallets?
No. Tesla cannot accept payments from multiple wallets for a single order.
How long does it take to process my Dogecoin payment?
Allow one minute for the payments page to refresh after sending your Dogecoin payment. Do not attempt a new payment while the page refreshes. Once your payment is confirmed via the Dogecoin network, you will receive an Order Confirmation email.
Note: It can take up to six hours for the Dogecoin network to confirm your payment. If you do not receive a confirmation email from Tesla, contact your wallet provider. You might need to re-initiate payment.
How long do I have to complete my payment?
The timer on the payments page will display the amount of time you have to complete your payment. If time expires, you will need to restart the order process. If the order process is restarted, your alphanumeric or QR code, Dogecoin wallet address and/or the Dogecoin price might be updated.
Can I cancel an order purchased with Dogecoin?
No. Once an order is placed using Dogecoin as the payment method, it can no longer be canceled.
Can I return an item purchased with Dogecoin?
No. All Dogecoin purchases are final sale. Items purchased with Dogecoin cannot be returned, exchanged or canceled. Items purchased with Dogecoin cannot be returned or exchanged for cash.
What cryptocurrency does Tesla accept?
Tesla only accepts Dogecoin. Tesla cannot receive or detect any other digital assets. Ensure you are making your purchase with Dogecoin. Sending any other digital assets may result in the assets being lost or destroyed. Non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.
Are there any security risks associated with paying in Dogecoin?
You should always be careful when making a payment in Dogecoin or in any other currency. Hackers or other similar groups might try to cause problems with the Dogecoin network or your payment that could affect your transaction. This can result in lost or stolen Dogecoin. Tesla is not responsible for any lost or stolen digital assets.
What else do I need to know about the Dogecoin network?
The Dogecoin network protocols are open source, and anyone can use, copy, modify and share them. We do not own or control the Dogecoin network or the software for your Dogecoin wallet. The Dogecoin network protocols and their operating rules can change at any time (like in the event of a fork), and those changes can affect the value, function or even the name of Dogecoin. If there is a problem with the Dogecoin network, you can lose your Dogecoin. Tesla is not responsible for any lost or stolen digital assets.
A global media for the latest news, entertainment, music fashion, and more.
