Musk: Tesla will take Dogecoin for merchandise

Elon Musk has put cryptocurrency markets in a spin, again.

The Tesla boss says his firm will start taking Dogecoin for some merchandise sales.

In a tweet he says he'll give it a try and see how it goes.

Dogecoin surged in value by around 24% following the news.

Anyone with enough of the meme-inspired coin can now choose from Tesla merch.

That includes apparel, belt buckles, a quad bike for kids, and a "Cyberwhistle" modeled after its long-awaited Cybertruck.

It's not clear though if all the goods are covered by the new policy.

Dogecoin enjoyed huge gains earlier in the year, partly thanks to endorsements by Musk.

But he called it a "hustle" during an appearance on Saturday Night Live back in May, causing its price to tumble.

Right now though, the Musk effect seems to back on the up side.

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