Investing.com – Dogecoin’s coin jumped after a tweet from Tesla CEO Elon Musk (NASDAQ 🙂 announcing a joint business with the Dogecoin team.
And Elon Musk announced yesterday that it will stop buying Tesla cars in exchange for Bitcoin, due to the environmental damage caused by mining and completing transactions using the digital currency.
Musk added that Tesla will not sell its digital currency holdings until more environmentally friendly alternatives are found.
Finally, he added, Tesla had looked for another digital currency that consumed less than 1% of the amount of energy it used. Today he tweeted, “We are working with the Doug development team to improve the efficiency of the transaction system. This is most promising.”
Before that, Musk tweeted about his belief in the digital currency market, but he could not contribute to the environmental destruction.
And earlier last week, SpaceX announced a trip to space on a Doge-1 spacecraft, and the trip is being funded by Dogecoin coins.