Automate
Trades Maximize
Profits

Tesla Preparing To Launch Bitcoin, Dogecoin Payments Feature?

Anvesh Reddy
July 20, 2023
Expertise : Crypto, finance, Crypto Market, Blockchain, Investing
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Tesla Stock Price Jumps 8% As Trump Trade Continues

Crypto News: It is beyond doubt that billionaire Elon Musk’s Tesla and Twitter are key to mass adoption of cryptocurrencies as a mainstream payments asset class. Automobile company Tesla had on Wednesday shared details about its Bitcoin holdings when it revealed its second-quarter numbers. Earlier, CoinGape reported that the company’s digital asset holdings remain at $184 million.

Also Read: Terra And Do Kwon Cite XRP Ruling As Precedent To Dismiss US SEC Lawsuit

Musk had on several occasions in the past hinted about having the Bitcoin payments feature on Twitter, although there was no official word on the launch.

Twitter Bitcoin Payments; What’s The Truth?

Word was around in the crypto community that Tesla had added Bitcoin and Dogecoin payment feature to its website source code. In reality, it was found that the keywords Bitcoin and Dogecoin were already existing as part of the code behind the website. In January 2023, the automaker’s website had added the crypto payments feature on its page and remained since, although it did not materialize at the time. However, this gives hope that the Tesla Bitcoin and Tesla Dogecoin payments facility is around the corner.

It is common knowledge that Elon Musk is closely associated with the Dogecoin community, thanks to his tweet mentions of the memecoin. Hence, it could most likely be a given that Tesla and Twitter will integrate Dogecoin along Bitcoin in the first batch of cryptocurrencies when they launch.

Also Read: Community Mocks Republican For Calling XRP A Security; Analyst Predicts Re-Entry Level

Advertisement
coingape google news

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Newsletter
Your crypto brief.
Delivered every day.
  • Insights that move markets
  • 100,000 active subscribers
By signing-up you agree to our Terms and Conditions and Privacy Policy.
About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
Black
Friday 50% Off
Sale
Cross