Month: September 2021

Americans can now buy Tesla with bitcoin

Bitcoin owners can now buy a Tesla directly with the crypto coin. Elon Musk announced this on Twitter. For now, this is only possible for Americans, the rest of the world may follow later. Musk promises that the bitcoins will not be converted to fiat money.

Tesla bitcoins

It had been known for some time that Tesla wanted to accept bitcoins as a means of payment. Elon Musk’s company invested $1.5 billion in the coin in early February and then promised that it would “soon” become possible to pay with the coin. That is now possible, Musk writes on Twitter.

In two tweets, the businessman writes that Tesla uses internal and open source software for the bitcoin transactions and that they work directly with bitcoin nodes. Musk also promises that Tesla will keep bitcoin and not convert it to fiat money, such as dollars. Crypto rates folm.io has enough information. Tesla has created a button and page on the site for paying with bitcoins. It states that processing the bitcoin payment can take up to six hours. It also states that Tesla only accepts bitcoins and no other cryptocurrencies. If someone does send another currency, the brand warns that the sender may lose the money.

First

Tesla is the first automaker to allow bitcoin payments and one of the few major companies to accept cryptocurrencies as a means of payment. Moveco.io crypto rates has enough information. In the Netherlands, you can also pay with bitcoins at Zalando and Thuisbezorgd. Microsoft also allows bitcoin payments. Bitcoin’s value rose after Musk’s announcement.