Trading News

Read The Latest News & Analysis

US Customers Can Now Buy Tesla Using Bitcoin

US Customers Can Now Buy Tesla Using Bitcoin
Share on:

US customers can now buy Tesla using Bitcoin. Elon Musk announced the news through Twitter on Wednesday. 

That hashtag bitcoin Twitter bio now makes sense. Elon Musk’s company is now ready to take payments in BTC.

The CEO and “Technoking’ of Tesla is known for being the Crypto friendly billionaire. He has time and again made pro-crypto tweets on social media. Moreover, Tesla announced a purchase of bitcoin worth 1.5 billion dollars in February.

Elon said on Twitter that for the time being, only US customers can now buy Tesla using bitcoin. However, this facility will be extended to the global audience in the latter half of this year.

The electric car company has a growing client base. By an estimation, Tesla sold 500,000 units in 2020.

Elon Musk elaborated on how the company is going to use the Bitcoin it receives as payment for cars.

The crypto community is elated by the news. Kraken Exchange’s Twitter account responded to Elon’s tweet and mentioned the happiness of their stakeholders over this news.

Got Foot in the Door:

The institutional adoption of bitcoin is on its way. With Tesla accepting bitcoin, cryptocurrency has got the foot in the door of traditional industries. Hopefully, more companies will follow Tesla’s suit. 2021 seems to be the year of bitcoin.

Recent News

crypto market

Tesla Sold 75% of its Bitcoin Holdings

Tesla has backed off from its bitcoin investment The electric car company sold 75% of its Bitcoin holdings in the second quarter The financial disclosure report of

crypto market

Another Day, Another Crypto Scam

Another day, another crypto scam Crypto Hackers managed to hack the official Twitter, Facebook, and YouTube accounts of the British Army on Sunday They started posting phishing

crypto market

Major Crypto Coins are Facing Slump

Major Crypto Coins faced losses last Friday after slumping to their lowest levels of the year The market cap of the 100 largest crypto tokens declined by 50% Bitcoin has done

crypto market

Over 50% of Bitcoin Holders are in Profit

Bitcoin fell to $17,600 over the weekend The price reached a 19-month low after retracing 845% from all-time highs However, 562% of bitcoin holders are still in profit This

Let's Chat