Elon Musk tweets you can buy a Tesla with Bitcoin

by crypto journalist

Elon Musk announced via a thread on Twitter that Tesla has begun accepting Bitcoin as a form of payment.

The Tesla and Space X founder said Tesla be using “only internal and open source software” and that it “operates Bitcoin nodes directly.”

Nodes, according to CNBC, are computers that secure and verify Bitcoin transactions.

Additionally, “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

Paying with Bitcoin, said Musk, is only possible in the US at the moment, but he hopes to expand the payment method to the rest of the world soon. 

Earlier this year, Tesla invested $1.5 billion in the cryptocurrency. The investment has already netted Tesla nearly $1 billion in profit. 

This content was originally published here.

Share this article

Leave a comment

Your email address will not be published. Required fields are marked *

four × five =