Tesla now accepts Bitcoin in the United States

As is promised earlier this year, Tesla now accepts payment in Bitcoin, according to Tesla website and one Tweeter by CEO Elon Musk. In a subsequent tweet, Musk said that “Bitcoin paid to Tesla will be kept as Bitcoin, not converted to Fiat currency,” and noted that the company uses internal, open-source software and operates Bitcoin nodes directly. He added that “pay by Bitcoin capacity [will be] available outside [the] United States later this year. “

According to a support page, you will pay by Bitcoin from your wallet, either by scanning the QR code or by copying and pasting the Bitcoin address and the exact amount of Bitcoin into your wallet. Tesla really wants you to send the correct amount of Bitcoin in one payment, otherwise your order could be canceled. It will be confirmed by email within six hours, so don’t try to resend it even if the page doesn’t refresh. Tesla only accepts Bitcoin and no other cryptocurrency.

Tesla got into Bitcoin in a big way last month, buying $ 1.5 billion to “diversify and maximize” its investment. This move was greeted with some surprise, given Bitcoin’s price volatility and the amount being a significant portion of Tesla’s cash flow. The company also warned investors of potential “malicious attacks” and “technological obsolescence” that do not exist with fiat currencies. The price of a Bitcoin is now $ 55,880 (as of March 24, 2021 at 4:16 a.m. ET) and although Tesla has never confirmed what it paid, the price was likely in the range of $ 30,000 to $ 35,000.

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