Car manufacturer Tesla will be offering merchandise for sale with dogecoin (DOGE) according to Tesla CEO Elon Musk.
The price of dogecoin surged 20% on his tweet, rising as high as $0.20.
Musk has been a longtime fan of dogecoin. He has invested in it, bought it for his toddler and has even discussed with its developers about making it handle a higher throughput.
When he was named Time Magazine's man of the year, he said, “Fundamentally, bitcoin is not a good substitute for transactional currency." Instead, he suggested dogecoin — even though it was created as a joke.
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