Dogecoin Jumps After Musk Tweets Tesla Merchandise ‘Buyable’ With the Token | Technology News

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SINGAPORE (Reuters) – Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.

“Tesla merch buyable with Dogecoin,” Musk tweeted.

Dogecoin, popular among retail investors, raced up 18% to above $0.2 after Friday’s tweet.

(Reporting by Tom Westbrook and Vidya Ranganathan; Editing by Jacqueline Wong)

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