Tesla launches much-awaited Bitcoin payment option - OhNo WTF Crypto

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Tesla launches much-awaited Bitcoin payment option

#crypto #bitcoin

A few weeks after Tesla sent ripples across the crypto-community with its $1.5 billion investment in Bitcoin, the electronic car manufacturer is in the news again today after the company officially opened the door to payments via Bitcoin.

The same was announced by CEO Elon Musk on Twitter, with the entrepreneur tweeting,

“You can now buy a Tesla with Bitcoin.”

Musk also went on to clarify that,

“Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

News of Tesla finally accepting Bitcoin isn’t a surprise, however. After all, the same was alluded to by the company’s February filing which categorically stated that it will soon be accepting the world’s largest cryptocurrency as a form of payment.

Accordingly, Tesla has also curated a special FAQ page for those who may want to peruse themselves of this option.

This article is being updated….


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Jibin George, @KhareemSudlow