Tesla Removes Bitcoin Payment Option but Keeps Dogecoin On
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Tesla, the electric vehicle and clean energy company led by billionaire Elon Musk, has made a surprising move regarding its cryptocurrency payment options. According to a blockchain reporter, Tesla has removed Bitcoin from the source code of its payment page but retained Dogecoin.
There were rumors in the community that Tesla added Bitcoin and Dogecoin to its payment page source code. However, upon verification, it was found that Bitcoin and Dogecoin were already present in the source code as early as January 2023. It appears that Tesla did not remove this… pic.twitter.com/CATEWPmnVn
— Wu Blockchain (@WuBlockchain) July 20, 2023
Bitcoin, the largest and most popular cryptocurrency, has been facing challenges lately due to regulatory scrutiny and environmental concerns. Tesla had previously announced that it would accept Bitcoin as a payment method for its products but later reversed its decision due to the high carbon footprint of Bitcoin mining. However, Tesla did not delete the code that enabled Bitcoin payments until recently.
On the other hand, Dogecoin, the meme-inspired cryptocurrency that has gained a cult following, has remained in Tesla’s source code. Dogecoin, which started as a joke, has been endorsed by many celebrities, including Musk himself. Musk has often tweeted about Dogecoin and even called himself the “Dogefather” in a TV show.
Dogecoin’s current price is around $0.0740, showing an upward trend. Some analysts believe that this is due to the growing acceptance of meme coins, Musk’s constant support, and now, possibly, the speculation around Tesla’s payment options.
Tesla Keeps Mum on the Topic
Tesla has not made any official statement about its cryptocurrency payment plans, leaving room for interpretation and anticipation. Some fans hope that Tesla will soon integrate Dogecoin as a payment method for its products and services, such as merchandise and charging stations. However, others are more cautious and point out that many factors could have influenced Tesla’s decision, such as legal and market issues.
Tesla’s move to drop Bitcoin but keep Dogecoin in its source code is a curious one that could have significant implications for the crypto industry. Whether this is a sign of Tesla’s future adoption of Dogecoin or just a coincidence, it remains to be seen.
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