Elon Musk Hints That Dogecoin (DOGE) Could Return as a Payment Method for Buying Tesla Merchandise

The world's richest man, Elon Musk, has hinted that Dogecoin (DOGE) could return as a payment method when buying Tesla merchandise.

World’s richest man Elon Musk has hinted at the return of Dogecoin (DOGE) as a payment method for purchasing Tesla merchandise.

Musk’s indication came in an X (formerly Twitter) post where he suggested that Tesla, the automotive company he co-founded, could soon start accepting Dogecoin again. Musk replied ‘Me’ to an X post by Sir Doge, a prominent member of the DOGE community, where he asked who else wanted Tesla to bring back Dogecoin as a payment option for merchandise payments.

Musk’s indication of wanting Dogecoin back as a payment option for Tesla merchandise suggests that it could happen soon enough considering he is in a prime position to make it happen. Moreover, Musk had previously stated that Dogecoin will eventually become a payment method for purchasing Tesla cars.

Musk’s fondness for Dogecoin also suggests that this is something the world’s richest man will be actively looking to do. He recently reiterated his preference for the top meme coin, stating that he has a “soft spot” for Dogecoin while suggesting that he was not partial to other crypto tokens.

Meanwhile, Musk’s recent legal victory may have also spurred him to make this move and return Dogecoin as a payment method for Tesla products. A federal judge cleared the world’s richest man and the automotive company of any wrongdoing in a lawsuit that accused them of manipulating the price of Dogecoin.

The lawsuit may have been the reason why Tesla initially removed Dogecoin as a payment method. Now that the legal battle is out of the way, the company can reintroduce Dogecoin as a payment option for purchasing merchandise in its store. Such a move would certainly be a bullish development for the top meme coin and could drive its price up as Dogecoin gains more use cases.

Musk Continues To Support DOGE

In another X post, Musk agreed with Sir Doge when he highlighted how Dogecoin solves a problem that the world’s richest man and his companies are currently facing. After banning the X platform in the country, Musk revealed that the Brazilian government had also frozen Starlink’s bank accounts despite both companies operating independently.

Following this revelation, Sir Doge said, “Dogecoin solves this,” as the meme coin is decentralized and no government can easily access anyone’s funds. In response, Musk said that he made a “good point.”

Musk’s support for Dogecoin is also why members of the DOGE community continue to speculate that the meme coin will be added as a payment method when the social media platform launches its payment service later this year.

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