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Tesla to be bought using Bitcoin- Elon

by Katende Erick
March 24, 2021
in Tech
0

Great news hits the Telsa lovers today after the founder of the motor company Elon Musk announced via a tweet that buyers will be able to use bitcoin to purchase the vechiles.Telsa is one of the giant companies that have embraced the use of bitcoin as a payment method.

Elon Musk is a well known Bitcoin enthusiast to an extent that Tesla has invested heavily in the digital currency, buying $1.5bn (£1.1bn) worth of Bitcoin.

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Since Bitcoin’s value rapidly moves up and down, it means the real-world price of Teslas bought in the cryptocurrency could change day to day leading to a no fixed price for the Teslas.

You can now buy a Tesla with Bitcoin

— Elon Musk (@elonmusk) March 24, 2021

In the US, orders for new Tesla cars can now be secured with the equivalent of a $100 deposit in Bitcoin. The facility would be rolled out to other countries in the coming months, Mr Musk added.

Tags: bitcoinElon MuskTesla
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