You can now pay for Tesla cars with bitcoin cryptocurrency.
E-car maker Tesla has begun to accept bitcoin, according to a Twitter message from Elon Musk. This is a new milestone in the cryptocurrency adoption process.
The company will not exchange bitcoins for FIAT.
“Tesla only uses internal and open source software and supports Bitcoin nodes directly,” added Musk in another reply. “Bitcoin paid to Tesla will be kept as bitcoin, not converted to fiat currency.”
The tweets appeared shortly after some Twitter users began noticing bitcoin support as a payment option in the company’s US stores for its electric car models.
Musk commented that bitcoin payment is available in the US for now. “Bitcoin payment option available outside the United States later this year,” he added.
The address where the bitcoins for the cars will go.
Based on the bitcoin payment details that The Block editors were able to see even before removing the option, the company provided this BTC address as a receiving address.
Tesla informed users that it does not currently accept payments in digital assets other than bitcoin. Potential car purchase transactions are to take place at the indicated address in one transaction.
It had to happen!
Already at the time of submitting the 10-K documents to the US Securities and Exchange Commission in early February regarding the 1.5 billion investment in BTC, Tesla announced that it would soon start accepting bitcoin as a form of payment for its products.
With BTC, you can now buy models from the manufacturer’s extensive fleet of electric cars (Model S, Model Y, Model 3 and Model X).
Sources:
– https://bit.ly/3shWp29 – Elon’s Musk Tweet
– https://bit.ly/3sj8dBo – Tesla’s Logo
– https://tcrn.ch/3svf3E9 – TechCrunch Article
Author: Michał Żelazo