US public company allows Tesla dealers to accept Dogecoin

August 23, 2021


US public company allows Tesla dealers to accept Dogecoin

US OTC marketplace firm BOTS has announced that it is ready to provide Dogecoin (DOGE) processing services to dealers and owners of used Tesla electric cars.

BOTS focuses on DeFi infrastructure solutions, cybersecurity, as well as insurance, consulting, deployment and repair of mining equipment. The company expects to partner with other automakers and their dealers.

The paper mentions Allied Market Research's forecast that the global used car market will grow from $828.2 billion to $1.36 trillion from 2020 to 2027, showing a CAGR of 8.3%.

According to iSeeCars.com, the low-mileage Tesla Model 3 is priced at an average premium of $1300 or 2.9% relative to a new electric car. This is due to a chip shortage that has increased the waiting time for delivery of the car from seven to eleven weeks.


This is how bullish institutional investors still are on Bitcoin

Tesla suspended sales of electric cars for bitcoin in May due to concerns about the environmental friendliness of mining it. The company introduced a similar option in February, a month after investing $1.5 billion in its first cryptocurrency.

Earlier, Elon Musk suggested that users vote on the option to accept payments in Dogecoin. In July, the Tesla founder allowed for the return of the bitcoin payment option.

To recap, Elon Musk backed Dallas Mavericks owner Mark Cuban, who called Dogecoin "the strongest cryptocurrency in terms of medium of exchange".

In March, a basketball team owned by the businessman began accepting DOGE for payment.

See our full guide to trading Dogecoin, or start your research with reviews of these regulated crypto brokers and exchanges available.

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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