Elon Musk Says Tesla , Will Accept Dogecoin as Payment.<br />Elon Musk Says Tesla , Will Accept Dogecoin as Payment.<br />On Dec. 14, Musk took to Twitter to announce that the electric carmaker will accept the cryptocurrency on a test basis. .<br />Reuters reports that Dogecoin <br />rose 24% to $0.20 after Musk's tweet.<br />Coinbase reports that the Tesla CEO's tweets about the meme-based cryptocurrency have helped it climb 5,859% over the past year.<br />It's not yet known what merchandise consumers will be able to purchase with Dogecoin.<br />Previously, Tesla announced it would accept bitcoin for car purchases, but stopped doing so less than two months later.<br />Musk was recently named 'Time' magazine's "Person of the Year.".<br />He also took that opportunity to <br />weigh in on different cryptos.<br />Bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, Dogecoin is better suited for transactions. , Elon Musk, to 'Time'.<br />The total transaction flow that you do with Dogecoin, like transactions per day, is much higher potential than Bitcoin, Elon Musk, to 'Time'
