American electric vehicle manufacturer Tesla has launched a new product called Cyberwhistle by accepting Dogecoin for payment, according to CEO Elon Musk.
The futuristic Cybertruck inspires the Cyberwhistle whistle. It is specially made of medical-grade stainless steel and polished. The back of the whistle has reserved holes, which can be worn with a string by yourself, creating a unique style accessory with great collection value.
Elon Musk wrote on his official Twitter:
“Blow the whistle! We are working on making the whistle sound much louder.”
Dogecoin, an altcoin cryptocurrency founded in 2013 based on the popular Doge meme, is one of the more colourful coins on the cryptocurrency spectrum.
This product is expected to ship within 4 to 6 weeks. Tesla requires buyers to pay only in Dogecoin (DOGE). The price tag at the time of publication is 1,000 DOGE, including tax and shipping.
According to data from CoinMarketCap, at the time of writing, the meme cryptocurrency has gained about 0.29% over the past 24 hours and is currently ranked 10th by market cap with a market cap of $$8,022,656,050.
The token was trading at $0.06047. One Cyberwhistle would be worth around $60 at current prices.
Tesla said that no other payment methods are accepted for the item and that Dogecoin is the only cryptocurrency currently accepted for specific items.
Therefore, the buyer needs a Dogecoin wallet to pay and ensure the correct amount and address. Due to the privacy of cryptocurrency transfers, the company is not responsible for reversals or refunds.
As a strong advocate of Dogecoin (DOGE) and other Shiba Inu-themed meme coins, his post propelled Dogecoin to an all-time high of 67 cents last May.
Musk tweeted “Dog Daddy on SNL on May 8” and announced that he would be hosting “The Saturday Night Show” as “Dog Daddy.” The tweet rekindled positive investor sentiment towards Dogecoin, and the meme-based cryptocurrency quickly surging more than 30%.
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