Elon Musk’s Tesla has been testing dogecoin payments under the ‘shiba’ code-name, allegedly

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Tesla might have been testing Dogecoin. Tesla’s source code looked like it had an “Order with SHIBA” button, but that may have just been on the end of things.

On Twitter, a user dug around and discovered that the tweet could be related to Dogecoin (DOGE) as opposed to Shiba Inu (SHIB) cryptocurrency. It makes sense that Elon Musk would support Dogecoin, the token that was the focal point of a joke meme, over another one while if he’s being sincere. However, while this one might not have the biggest market value, it has still emerged as the 11th-largest cryptocurrency on the market at this time.

Twitter user Tree of Alpha commented that when they attempted to use the Order with Shiba website, it redirected them to a ‘processing’ page where DOGE payments are accepted.

A tweet pointed out that the SHIBA name on Tesla’s page actually refers to Dogecoin, which is a cryptocurrency.

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Tesla seems to be referring to Dogecoin as “SHIBA”, a code-name inspired by the Shiba Inu dog on the Dogecoin. The dog belongs to a Japanese breed called Shiba Inu.

Also read: What is Dogelon Mars (ELON) – All you need to know.

As of now, Elon Musk has not responded to/acknowledged this development.

Elon Musk, the founder of Tesla recently posted a Twitter poll to ask how Tesla should be paid for. 78% of respondents agreed. While the coin’s name is derived from the popular internet meme “Doge”, there haven’t been any updates on its prospects as yet. The meme-based token presently trades at 27.12 US cents (approximately Rs 20) per token, according to CoinMarketCap.

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As the hype around DOGE and SHIB tokens grows, U.S. whistleblower Edward Snowden has warned meme coins investors to be cautious.

Must Read: Facebook Meta – The Complete Guide to the Metaverse and How it Will Shape the Future of Virtual Reality

“If you got talked into exchanging your hard-earned savings for some new dog money because a meme said you’d get rich, please carefully consider your odds,” Snowden wrote on Twitter

Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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