Billionaire Elon Musk’s Tesla and Twitter play a crucial role in the mass adoption of cryptocurrencies as a mainstream payment asset class. Tesla recently disclosed its Bitcoin holdings during its second-quarter report, which amount to $184 million in digital assets.
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In the past, Elon Musk hinted at having the Bitcoin payments feature on Twitter, but there was no official confirmation of its launch.
The crypto community speculated that Tesla added a Bitcoin and Dogecoin payment feature to its website source code. However, it was discovered that the keywords already existed in the code. In January 2023, the automaker’s website had included the crypto payments feature on its page, though it didn’t materialize at that time. Nevertheless, this development raises hope that the Tesla Bitcoin and Tesla Dogecoin payment facility could be coming soon.
Elon Musk’s close association with the Dogecoin community, evident from his tweet mentions of the memecoin, makes it likely that Tesla and Twitter will integrate Dogecoin alongside Bitcoin in their first batch of cryptocurrencies when they launch.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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