Tesla now accepts bitcoin as payment for its cars in the US – Elon Musk

Tesla bitcoin Elon Musk

Tesla now accepts bitcoin as payment for its cars in the US, CEO Elon Musk announced on Twitter. The option to pay using the cryptocurrency now appears on the company’s US website, where it’s available alongside the traditional card payment option. Musk said that the option to pay with bitcoin will be available to other countries “later this year.”

Tesla bitcoin Elon Musk
Tesla now accepts bitcoin as payment for its cars in the US – Elon Musk

As well as confirming the availability of the new payment option, Musk offered some details on how Tesla is handling the cryptocurrency. “Tesla is using only internal & open source software & operates Bitcoin nodes directly,” he said in a followup tweet, “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

 

Tesla announced its intention to start accepting bitcoin as payment a little over a month ago in its annual 10-K report, when it said it would be adding the option in the “near future.”


In the same filing, the company said it had also invested a total of $1.5 billion in the cryptocurrency. The news sent the price of bitcoin up to over $43,000, an all-time high at the time. As of this writing, 1 bitcoin is now worth a little over $56,000.

TEMI BADMUS
Temi Badmus is a Food scientist and an Art enthusiast. Her desire is to give a listening ear to people and to give an opportunity for everyone to be heard. She's a humorous and controversial writer, who believes all form of writing is audible if its done well. Temi Badmus is research oriented, dog lover; she is currently a mum to two brutal Jack Russell terrier male and female - "Cash" and the female is yet to be named . 🐕 The future is female... The future is Productive