Tesla Now Officially Accepts Bitcoin, Elon Musk Says BTC Will Not Be Converted to Cash

Published by andrewpbreen@gmail.com on

Tesla is following through on its promise to accept Bitcoin.

Elon Musk just made the official announcement on Twitter. He says the company will hold on to and accumulate all BTC earned from sales of the company’s suite of electric cars.

“Tesla is using only internal and open source software and operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency. 

Pay by Bitcoin capability available outside US later this year.”

Tesla first disclosed its plans to accept Bitcoin back in February in an SEC filing that also revealed the company had purchased $1.5 billion in BTC.

Bitcoin’s price was approximately $44,000 at the time Tesla’s investment in the top cryptocurrency was first made public.

It is now worth $53,000 after retreating from an all-time high of $61,711 on March 13th, according to CoinGecko.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

.dh_responsive {
padding: 0px 20px 0px 20px;
}
@media (max-width: 980px) {
.dh_responsive {
padding: 0px;
}
}

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1597129173244-0’); });



Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock ParabolStudio

The post Tesla Now Officially Accepts Bitcoin, Elon Musk Says BTC Will Not Be Converted to Cash appeared first on The Daily Hodl.

Categories: Uncategorized