Photo credit: Filip Radwanski/ Getty
It has been announced that people in the United States can now purchase a Tesla using bitcoins.
Elon Musk, in a series of tweets made the announcement via social media March 24 and the company already owns $1.5 billion USD worth of bitcoin, which was acquired back in February, so it makes perfect sense.
You can now buy a Tesla with Bitcoin
— Elon Musk (@elonmusk) March 24, 2021
Musk says the cryptocurrency won’t be converted to fiat money, and Tesla will also be using its’ own nodes of bitcoin. The new method of payment will only be available for Tesla’s customers in the U.S, but planned to expand further beyond the country later this year.
Tesla generated $19 billion USD in cash and equivalents of cash during 2020 and Musk is an ardent promoter of cryptocurrencies.
Pay by Bitcoin capability available outside US later this year
— Elon Musk (@elonmusk) March 24, 2021
