Elon Musk Reveals Dogecoin Will Be Accepted At Tesla’s Futuristic New Drive-in Theater Restaurant

Elon Musk has revealed that Tesla’s next futuristic restaurant and drive-in cinema, planned for the Hollywood area, will accept the same cryptocurrency dogecoin. The electric car company currently accepts DOGE for certain goods on its website.

Tesla CEO Elon Musk: ‘You can pay in Doge’

Tesla and Spacex CEO Elon Musk tweeted about future dogecoin payment acceptance on Friday in response to a tweet from developer Ryan Zohoury, who said a new Tesla boost station in Santa Monica, Calif. , was almost full 10 minutes after opening.

The Tesla boss tweeted: “And a futuristic restaurant/drive-in theater planned for the Hollywood area.” He added in a follow-up tweet:

And, of course, you can pay in Doge.

Elon Musk reveals Dogecoin will be accepted at Tesla's futuristic new Drive-in Theater restaurant

As of press time, the Tesla CEO did not specify what exactly customers can pay with the same cryptocurrency. Some people assume that Tesla boost stations will accept dogecoin while others interpret Musk’s tweet as only applicable to the upcoming drive-in restaurant and movie theater in the Hollywood area.

Nonetheless, Dogecoin supporters hail Musk’s plan to drive adoption of the cryptocurrency meme.

The price of dogecoin, however, is unaffected by this news. At the time of Musk’s tweet, DOGE was trading at $0.1417 based on data from Bitcoin.com Markets. While the price then rose slightly to $0.1450, it fell to $0.1411 at the time of writing.

In January, Tesla began accepting dogecoins for certain merchandise. Musk then attempted to get DOGE accepted by McDonald’s by offering to eat a Happy Meal on TV. However, the famous fast food chain replied “only if Tesla accepts grimacecoin”.

Musk, a longtime proponent of dogecoin, is sometimes known in the crypto community as Dogefather. The Tesla boss believes DOGE is the people’s crypto and previously revealed that many people he spoke to at Tesla and Spacex owned dogecoin. He said dogecoin is the best crypto for transactions while bitcoin is more suitable as a store of value.

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What do you think of Tesla expanding its adoption of dogecoin? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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