Elon Musk tweeted that Tesla merchandise can be purchased with dogecoin, sending the cryptocurrency's price soaring.
Plans to accept dogecoin as payment have been in the works for a while.and his tweets often move the price of the cryptocurrency.There are a number of terms and conditions that come with using dogecoin to buy merchandise from Tesla.
Users will need a dogecoin wallet to transfer the digital money to Tesla. Furthermore, if "an order is overpaid in Dogecoin, the overpayment amount will not be refunded to the original form of payment," according to company'sTesla warns that it can take up to six hours for the dogecoin network to confirm the payment.
And the company says that any orders paid for in dogecoin cannot be canceled or refunded. Normally, if a person buys Tesla merchandise through the official store via traditional payments methods, it can be returned within 30 days of receiving the product.
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