Select Page

Elon Musk announced that Tesla cars can now be purchased using Bitcoin (BTC) cryptocurrency. The CEO of the electric car company and “Technoking” said that the company will operate Bitcoin nodes directly and will stick with Bitcoin.

Who believed Tesla today is getting ready to buy a car

Tesla first signaled its intention to begin accepting Bitcoin for products in early February, after buying $1.5 billion worth of digital assets, an SEC filing showed. Tesla’s option to purchase with BTC will only be extended to US-based customers for now. Elon Musk’s insistence that Bitcoin earned through the sale of the company’s vehicles will not be converted into traditional currency suggests that it is not just being used as a transaction medium, but also as an investment vehicle. By launching its own dedicated Bitcoin nodes, Tesla will join a global network of peer-to-peer operators that host and synchronize the Bitcoin blockchain.

Tesla is influencing the market again…this time cryptocurrency!

Visitors to Tesla’s website from an IP address located in the US will now see a new Bitcoin payment widget added to the site’s checkout options. The impact of Tesla’s acceptance of Bitcoin could be felt in the cryptocurrency market as early as early Wednesday. Coinciding with the breaking news, the dollar value of Bitcoin jumped 2.9% from $54,056 to $55,630. Tesla’s terms and conditions for Bitcoin state that Bitcoin is the only digital asset that Tesla accepts as payment for its products at this time. “You cannot make purchases from us using any other digital assets, including Bitcoin fork products such as Bitcoin Cash and Bitcoin SV. Our Bitcoin digital wallet is not configured to detect or receive digital assets other than Bitcoin,” – the terms and conditions read.