Tesla boss Elon Musk said the electric carmaker will accept the cryptocurrency Dogecoin to purchase its merchandise on a test basis.
The price of Dogecoin surged as much as 32 per cent on the news, before settling around a 25 per cent high, according to Coinmarketcap.
"Tesla will make some merch buyable with Doge & see how it goes," Musk said in a tweet on Tuesday.
The Tesla chief has previously called Doge the "people's crypto".
Dogecoin was created as an initial joke by two software engineers, who
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