Tesla’s Elon Musk confirmed on Tuesday (21 December) that the carmaker would accept dogecoin for payment of certain products on a test basis. 

“Tesla will make some merch buyable with doge and see how it goes,” Musk tweeted. 

Dogecoin’s price popped in the wake of the tweet, spiking over $0.20.

But information as to the actual offer is still limited. Tesla sells a range of merchandise that can cost anywhere between $50 and $1,500. 

Earlier this week, Musk was named Time magazine’s Person of the Year. 

While dogecoin started as a joke, it now means serious business. Back in May, dogecoin exploded in popularity as big names rallied behind it, including Elon Musk, who tweeted: “Who let the doge out?”.

For more on dogecoin, click here.