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Benzinga
Benzinga
Business
Samyuktha Sriram

Buying A Porsche With Dogecoin And Shiba Inu Is Now Possible

DOGE SHIB Porsche Baltimore

A Baltimore-based Porsche dealership now accepts payments in Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

What Happened: Porsche Towson partnered with cryptocurrency payments processor BitPay to enable cryptocurrency payments.

In an announcement on Twitter, BitPay said DOGE and SHIB could be used as payment for vehicle purchases, in addition to Bitcoin (CRYPTO: BTC). Porsche is owned by German automaker Volkswagen AG (OTC:VWAGY). 

See Also: How To Buy Dogecoin (DOGE)

This isn’t the first time an independent car dealership has opted to include cryptocurrency as a means of payment. Last year, Puerto Rican technology company Bots Inc (NASDAQ: BTZI) enabled local dealerships to accept DOGE for pre-owned Tesla Inc (NASDAQ: TSLA) cars.

Tesla doesn’t directly accept any cryptocurrency for vehicle purchases, given the environmental concerns around mining digital coins. The company has included DOGE as a payment option for merchandise on its website.

Price Action: According to data from Benzinga Pro, DOGE was trading at $0.14, up 1.09% over the past 24 hours. SHIB was trading at $0.00002521, up 0.62% over the same period.

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