One who has the bitcoin can now buy a Tesla vehicle and the option will be available outside the US later this year. This was stated by Tesla Inc chief Elon Musk.
“You can now buy a Tesla with bitcoin,” he tweeted, “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”
Pay by Bitcoin capability available outside US later this year
— Elon Musk (@elonmusk) March 24, 2021
Last month, Tesla had said that it would accept bitcoins as a form of payment for cars. This sent the price of cryptocurrency soaring.
Musk said Tesla operates bitcoin nodes directly.
Nodes are computers on bitcoin’s network that work to verify transactions and avoid the cryptocurrency from being spent twice.
Tesla said it had purchased $1.5 billion of bitcoin last month.
