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Dogecoin jumps after Elon Musk says it can be used to buy Tesla merch

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SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany.

Britta Pedersen | Getty Images

The price of dogecoin jumped more than 15% on Friday before paring gains after Tesla began accepting the cryptocurrency as payment for some merchandise.

Early Friday, Tesla CEO Elon Musk said on Twitter that the electric carmaker’s merchandise can be purchased with dogecoin.

Dogecoin topped $0.20 a coin at around 01:19 ET before paring some of those gains, according to Coindesk data. It was up more than 9% at $0.18 at 07:06 ET.

Only a small number of items were buyable with the cryptocurrency, which originally started life as a…



Source cnbc.com

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