Shiba Inu (SHIB) is undoubtedly one of the most popular cryptocurrencies in the market. The dog-themed crypto is among the best-performing assets of the last four years, rising by many million percent. While the asset’s popularity is unquestioned, let’s find out if Elon Musk’s Tesla electric motor company will accept SHIB as payment.
Musk, one of the wealthiest people in the world, is an avid supporter of SHIB’s rival cryptocurrency, Dogecoin (DOGE). Musk has enabled DOGE payments on many of his ventures. Clients can use DOGE to pay for Tesla and SpaceX merchandise. Musk has also accepted DOGE payments for a satellite mission to the moon.
Also Read: Ethereum: New Proposal Aiming to Increase Throughput 50%
Will Elon Musk’s Tesla Accept Shiba Inu?
Musk has publicly stated that Dogecoin (DOGE) is his favorite cryptocurrency. The tech billionaire loves Shiba Inu dogs and is a proud owner of one named Floki. Some crypto enthusiasts even created a cryptocurrency named after Musk’s pet.
Also Read: Epic Games To Create Fortnite, Minecraft, Roblox Metaverse
Musk’s love for DOGE makes it easy to understand why his ventures have enabled DOGE payments. On the other hand, whether Tesla will accept SHIB or not is hard to say. It is unlikely that the company will accept any other cryptocurrency other than DOGE. Tesla, a massive Bitcoin (BTC) holder, does not even accept BTC for its products. Going by this trend, SHIB may not be on the company’s radar as an accepted form of payment.
Also Read: Crypto Adoption On Pace to Hit 8% by 2025, New Report Says
Shiba Inu (SHIB) may be included in X’s upcoming payment feature. There is much talk about cryptocurrencies being part of the social media platform’s upcoming feature. Many anticipate DOGE being available for payment on X. SHIB may also be added to the list of currencies that may be accepted.