Elon Musk’s Tesla Shop Adds New Collectible; Can Only Be Purchased With DogeCoin (DOGE)
Elon Musk’s Tesla Shop has added Cyberwhistle new merchandise to its online store. Cyberwhistle can only be purchased using the leading decentralized memecoin, Dogecoin (DOGE).
To further show support for Dogecoin and also give it more utility, Tesla, one of the earliest top companies to adopt the memecoin as a payment method, has recently introduced a product (Cyberwhistle) into the market.
According to Tesla Shop, “Cyberwhistle is a premium collectible made from medical-grade stainless steel with a polished finish. The whistle includes an integrated attachment feature for added versatility.”
It Can Only Be Purchased with Dogecoin (DOGE)
It added that Dogecoin (DOGE) is the only currency that can be used to purchase the product. As revealed on their website, Cyberwhistle goes for only 1000 DOGE. It is said that this price covers both the shipping fee and taxes.
Other products that can be bought on Tesla Shop using the popular memecoin include Cybertruck Graffiti Cuffed Beanie. The leading tech company founded by Elon Musk noted that it cannot receive or detect any other digital assets.
But u have to pay in Doge
— Elon Musk (@elonmusk) September 13, 2022
How To Buy on Tesla Shop with Dogecoin (DOGE)
On the online Tesla Shop, there are several Dogecoin-eligible goods. It’s important to acquaint yourself with the prerequisites necessary for making successful purchases.
First, a Dogecoin wallet is needed to purchase goods like Cyberwhistle using DOGE on the Tesla Shop. A Dogecoin wallet is simply a device, platform, mobile application, or software that supports DOGE transactions.
In the process of buying merchandise on Tesla Shop with Dogecoin, the payment interface will display the Tesla Dogecoin wallet “address” in two formats – an alphanumeric code and a QR code. Customers can then connect to their Dogecoin wallet using any of the methods to transfer tokens.
In addition, there is a timer on the payments page that displays the duration customers have to make payments. If this time expires, customers will have to restart the order process causing code regeneration.
Elon Musk and Dogecoin (DOGE)
It is no longer news that Elon Musk, the Tesla CEO and the world’s richest man is a staunch Dogecoin (DOGE) backer. One of the reasons, the dog-themed token which began as a joke came to the limelight. Dogecoin has soared to become the 10th largest cryptocurrency by market capitalization. At the time of writing, the market cap of DOGE is approximately $8 billion and it is trading at $0.06.
To show support for the memecoin, Elon Musk’s Tesla moved to adopt the DOGE as a payment method in 2021. This has been a major catalyst to the price growth of the memecoin coupled with the billionaire’s frequent positive tweets about the project.
In early August, a $258 billion lawsuit was filed against Musk for touting Dogecoin but this has not stopped him from showing backing for the crypto project.