Elon Musk says Tesla will accept dogecoin for merchandise

Tesla Inc chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin for merchandise on a test basis.

"Tesla will make some merch buyable with Doge & see how it goes," Musk said in a tweet.
Dogecoin jumped 24 percent to $0.195 following the news.

Tesla sells merchandise such as apparel, belt buckle, mini models of its vehicles, quad bike 'Cyberquad' for kids and 'Cyberwhistle' modeled after its much-awaited Cybertruck

Tesla had earlier said it would stop accepting bitcoin for car purchases, less than two months after the company began accepting the world's biggest digital currency for payment.

Musk, a prolific user of Twitter and a cryptocurrency supporter, had asked users in May if they wanted Tesla to accept dogecoin in a Twitter poll.