Dogecoin cryptocurrency pops on Tesla accepting meme coin as payment

Yahoo Finance published this video item, entitled “Dogecoin cryptocurrency pops on Tesla accepting meme coin as payment” – below is their description.

#Doge #Tesla #Crypto

Dogecoin rose around 10% on Friday after Tesla CEO Elon Musk announced that the electric car company would be accepting the cryptocurrency as a form of payment for certain merchandise.

Yahoo Finance YouTube Channel

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In This Story: Dogecoin

Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Despite its satirical nature, some consider it a legitimate investment prospect.

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In This Story: Elon Musk

Elon Reeve Musk FRS is a business magnate, industrial designer, engineer, and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

He has hit the headlines for a number of reasons including; marriage to Grimes, being sued by a cave rescuer, involvement in the promotion of cryptocurrency – mainly Bitcoin and Doge.

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