Emily Walker
Recently, Dogecoin fans have sparked new conversations about the future of the meme coin after a post on the social media platform X. KrissPax, a passionate supporter of Dogecoin, pointed out a noteworthy fact: DOGE is the only cryptocurrency currently included in the payment code for Tesla’s Cybertruck and Model 3. This revelation aligns with the growing optimism around DOGE and speculation that Tesla may soon officially accept DOGE as a payment option.
Dogecoin’s Presence in Tesla’s Payment System: A Revisitation
While the presence of Dogecoin in Tesla’s payment system is not new, the recent emphasis on it has caused a stir. This attention comes at a time when the meme cryptocurrency is experiencing a significant price correction.
In October 2023, reports indicated that DOGE was mentioned multiple times in the source code for Tesla’s Cybertruck checkout page, with crypto influencer MartyParty noting over 50 occurrences of Dogecoin within the code.
The recent renewal of interest can be traced back to KrissPax’s post on X, where he emphasized the existence of DOGE code in Tesla’s payment infrastructure, stating:
“Just remember, there is Dogecoin in the Cybertruck and Model 3 Tesla payment codes. Not any other crypto – just Dogecoin. Just waiting for Tesla to turn this option on!”
Even though the Cybertruck has launched this year, the DOGE payment option hasn’t been activated yet. However, its inclusion in the code indicates that Tesla may consider enabling DOGE transactions in the future.
What Implications Does This Hold for DOGE?
Tesla’s CEO Elon Musk has been a long-time advocate for Dogecoin, promoting its use for everyday purchases. His support has been clear through various public endorsements, such as Tesla’s move in January 2022 to accept DOGE for certain merchandise, which added a practical use for the meme currency.
If DOGE were to be fully integrated as a payment method for Tesla vehicles, it would mark a significant milestone in establishing utility for the coin. Such a step would enhance Dogecoin’s adoption and potentially lead to increased price growth, while also encouraging other companies to consider using DOGE as a payment option.
It’s worth noting that this wouldn’t be the first instance of Tesla accepting cryptocurrency payments for its cars. In 2021, Tesla allowed Bitcoin payments but quickly halted the initiative due to concerns about Bitcoin’s significant energy consumption in mining and transactions.
As of the latest update, Dogecoin’s price is at $0.3842, reflecting a decrease of 0.92% in the past 24 hours and 1.69% over the past week.