Elon Musk says, "Tesla will accept Dogecoin as payment for merchandise."

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Elon Musk, the CEO of Tesla Inc, announced that it will accept dogecoin as payment for items for a limited time as a test.

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In a tweet, Musk wrote, "Tesla will make some merch buyable with Doge and see how it goes."

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Meme-based cryptocurrency dogecoin witnessed a massive 20 percent spurt in its value after Musk's announcement

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Upskill. Learn from the best.

Musk's cryptocurrency tweets, including one in which he referred to it as the "people's crypto," have helped dogecoin rise 5,859% in the last year.

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Musk did not specify what merchandise, which starts from $50 and goes as high as $1,900, could be bought with dogecoin

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In a recent interview with Time magazine, Musk said that Dogecoin is better for transactions as compared to Bitcoin

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Musk, had already asked his followers on twitter in May that if they wanted Tesla to accept dogecoin in a Twitter poll.

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Tesla sells a number of products, including 'Giga Texas' belt buckles , mini models of its vehicle. Also limited items like Cyberwhistle and cyberquad for kids

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