Last month, Electric Vehicle company owned by Technoking and currently second world’s richest man; Elon Musk, announced that it had invested the sum of $1.5 billion in Bitcoin. This news is one of the major factors that has helped Bitcoin surge and break limits and milestones continually. After the announcement that Tesla had invested in Bitcoin, the EV company promised that people would be able to acquire its vehicles using the king of cryptos; Bitcoin in the nearest future. Well, its seems that future is here and now!
The CEO of Tesla and Space X announced via his twitter page yesterday that Tesla’s Electric Vehicles can be bought using Bitcoin. The tweet read, “You can now buy a Tesla with Bitcoin”.
While the option of buying Tesla vehicles using Bitcoin is only available to people in the United States of America for now, the CEO promised that this payment option would also be available in other countries outside the US soon as it is already working towards that. In this regard the CEO tweeted that, “Pay by Bitcoin capability available outside US later this year”.
“Tesla is using only internal and open source software and operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency”, Elon Musk said.
Tesla specified that when it comes to cryptocurrency, only Bitcoin can be used in making purchases. The Terms and Conditions regarding payments read, “You may not make purchases with us using any other digital asset, including Bitcoin fork products, such as Bitcoin Cash (BCH) and Bitcoin SV. Our Bitcoin digital wallet is not configured to detect or receive digital assets other than Bitcoin”.
While the option of Bitcoin payment is only available in the US for now, users in other countries are already anticipating their first Tesla purchase using Bitcoin.
Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.
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