As announced, Tesla is now accepting Bitcoin as a means of payment for its electric cars.
As expected, the public reaction was not long in coming. After all, Tesla is considered to be one of the beacons of hope for broad Bitcoin acceptance in the future. Most recently, Tesla caused a stir in the Bitcoin scene as the company followed MicroStrategy’s example and bought BTC for the equivalent of 1.5 billion US dollars. Even then, rumors were circulating about the imminent integration of Bitcoin as a payment method.
The fact that Elon Musk has become a bitcoiner is now undisputed in view of the multitude of bullish news that can be traced back to the entrepreneur. Musk also tweeted that the BTC earned through the sale of electric cars would not be exchanged for fiat money, but would be kept. The car manufacturer also wants to operate its own full node and thus honors the open source culture of Bitcoin and common best practices.
Tesla only uses internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla is retained as bitcoin and not converted into fiat currency.
Elon Musk on Twitter
Bitcoin is likely to have given a bullish shock. The cryptocurrency is currently trading at 3 percent plus. Initially, however, only US customers can shop with Bitcoin at Tesla. Europe will be “later this year,” said the CEO.
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