Elon Musk says Tesla will start to accept dogecoin for some merchandise – sending the meme token soaring 15%



Dogecoin is supported by Musk.

Maja Hitij is a photographer.

Musk said that people will be able to purchase some of the company's merchandise with the meme dogecoin.

"Tesla will make some merch buyable with Doge and see how it goes," Musk said Tuesday.

Dogecoin's price went up after Musk's announcement. It was last up 15%.

The dogecoin was started as a joke and has been supported by the CEO of the company.

He asked his followers if he should ask the company if they should accept doge.

He said in May that dogecoin could be the future of cryptocurrencies.

The first company to start accepting doge coin would beTesla. Mark Cuban, the owner of the Dallas Mavericks basketball team, began selling tickets and merchandise in exchange for the meme token earlier this year.

Business Insider has an original article.