Dogecoin enthusiasts recently reignited discussions on the meme coin’s future after an statement shared on the social media platform X. KrissPax, a Dogecoin enthusiast, highlighted a curious detail that showed that DOGE is the one cryptocurrency currently embedded within the payment code for Tesla’s Cybertruck and Model 3 vehicles. Interestingly, this plays into the current bullish sentiment surrounding DOGE and rumors about Tesla’s plans to officially accept DOGE as a payment method.
Dogecoin Code In Tesla’s Payment: A Long-Standing Detail Revisited
The inclusion of Dogecoin in Tesla’s payment infrastructure has been known for a while, however the timing of its renewed focus has drawn attention. Notably, it comes during a notable price correction for the meme cryptocurrency.
Back in October 2023, reports surfaced about mentions of DOGE within the source code of Tesla’s Cybertruck checkout page. Particularly, crypto influencer MartyParty identified over 50 references to Dogecoin inside the code.
Nonetheless, the renewed interest stems from a recent post by Dogecoin enthusiast KrissPax on the social media platform X. He highlighted the presence of a DOGE code in Tesla’s payment systems, stating:
“Just remember, there’s Dogecoin within the Cybertruck and Model 3 Tesla payment codes. Not every other crypto – just Dogecoin. Just waiting for Tesla to show this feature on!”
Although Tesla’s Cybertruck has since been launched, this 12 months, the DOGE payment feature has not yet been activated. Nonetheless, its presence within the code suggests that Tesla is keeping the door open to permit DOGE transactions in the long run.
What Does This Mean For DOGE?
Tesla CEO Elon Musk has long been a vocal supporter of Dogecoin, often relaying its use for on a regular basis transactions. His enthusiasm for DOGE has been evident through quite a few public endorsements, including Tesla’s decision in January 2022 to start out accepting DOGE as payment for select merchandise. This endeavor created some type of utility for DOGE, which is thought for its meme status.
Nonetheless, a final integration of DOGE as a payment method for Tesla cars can be the ultimate straw in the electrical vehicle maker’s creation of utility for the meme coin. A move of such magnitude wouldn’t only improve Dogecoin’s adoption but additionally open it up to a different path of inflows, which might in turn profit its price growth. Moreover, other firms could follow within the footsteps of Tesla and make DOGE a payment method.
Interestingly, such a move wouldn’t be the primary time Tesla accepted crypto payments for its vehicles. Back in 2021, Tesla began allowing customers to make use of Bitcoin as a type of payment. Nonetheless, the initiative was short-lived, as Tesla discontinued Bitcoin payments just months later on account of environmental concerns over the growing energy consumption of Bitcoin mining and transactions.
On the time of writing, the Dogecoin price is trading at $0.3842, down by 0.92 and 1.69% prior to now 24 hours and 7 days, respectively.
Featured image created with Dall.E, chart from Tradingview.com