{"id":20126,"date":"2024-05-10T14:00:36","date_gmt":"2024-05-10T14:00:36","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20126"},"modified":"2024-05-10T06:59:41","modified_gmt":"2024-05-10T06:59:41","slug":"tesla-and-x-accept-doge-musks-crypto-ambitions-grow","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/tesla-and-x-accept-doge-musks-crypto-ambitions-grow\/","title":{"rendered":"Tesla and X Accept DOGE? Musk&#8217;s Crypto Ambitions Grow"},"content":{"rendered":"<p>Since <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1113009339743100929?lang=en\">his 2019 tweet<\/a>, which introduced the world to <strong>DOGE<\/strong>, <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-not-testing-xrp-payements\/\">Elon Musk<\/a> has been a relentless promoter of cryptocurrencies for many years. In the post-period period, Musk took several measures to incorporate <strong>DOGE<\/strong> into his numerous ventures. He is now obtaining payment licenses for his social networking platform X and has recently approved DOGE to be a payment currency for Tasla goods. The cryptocurrency market might be significantly influenced by these advances since they reflect Musk\u2019s step towards accepting <strong>DOGE<\/strong> on X.<\/p>\n<p>In the low key, Tesla and Musk started receiving <strong>DOGE<\/strong> on their website approximately in early May 2024. The inspiration for the new functionality came from the queries that Musk asked during his visit to the Berlin gigafactory about whether it would be possible to allow <strong>DOGE<\/strong> payments. Why don\u2019t we make it feasible? Musk said in response. Later, Tesla wallet users can send <strong>DOGE<\/strong> to purchase Tesla items. In the subsequent days, the price of <strong>DOGE<\/strong> increased by over 20%, despite Tesla not having confirmed the decision officially. It was easily spotted by <strong>DOGE<\/strong> enthusiasts.<\/p>\n<p>Besides, X and Musk have been obtaining licenses in various states in the USA. They have 25 permits now, but that number is growing each month, as the study shows. Certain licenses are needed to enable P2P payments, such as Cash App and Venmo. Furthermore, even before he purchased X, Musk has an interesting story in his biography about when he wanted to offer <strong>DOGE<\/strong> as a payment option on a social networking site. The money transmitter licenses could be interpreted as the fact that the X team is getting ready to receive <strong>DOGE<\/strong> as a payment on the platform.<\/p>\n<h2>DOGE on X: Musk&#8217;s P2P Payment Ambitions<\/h2>\n<p>X.com was started by Musk in the early 2000s for banking and payment purposes. Following the company\u2019s merger with Confinity, Musk was briefly in charge of operations as CEO of the newly rebranded PayPal. Going to 2024, Musk plans to complete the loop by returning the pay feature of the original X.com.<\/p>\n<p>Musk&#8217;s motives are clear: he wants to bring <strong>DOGE<\/strong> on the X platform as a P2P payment option. It might be rather hard because of the many regulatory restrictions. The obtaining of the payment licenses is a tiresome and lengthy procedure. However, Musk is willing to turn the app into a payment system and get close to his long-gone idea of an all-in-one app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since his 2019 tweet, which introduced the world to DOGE, Elon Musk has been a relentless promoter of cryptocurrencies for many years. In the post-period period, Musk took several measures to incorporate DOGE into his numerous ventures. He is now obtaining payment licenses for his social networking platform X and has recently approved DOGE to<\/p>\n","protected":false},"author":6,"featured_media":20127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3627,467,2816,1816],"class_list":["post-20126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dogecoin-doge","tag-elon-musk","tag-tesla","tag-x-twitter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla and X Accept DOGE? 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