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Elon Musk: “You Can Now Buy A Tesla With Bitcoin”

Bitcoin users may have just received the most bullish news of the year. Although many analysts had predicted it, it was beginning to seem like an event that would most likely launch in the future ahead. Until the richest man in the world announced by himself, that one of the world’s most valuable electric companies will now allow its users to make payments with Bitcoin.

Elon Musk has just set Twitter ablaze with his most recent tweets. The CEO made a series of posts declaring that its customers will now be able to buy Tesla vehicles using Bitcoin.

You can now buy a Tesla with Bitcoin— Elon Musk (@elonmusk) March 24, 2021It gets even better as Musk reveals that Tesla is taking advantage of open-source software that allows it to operate Bitcoin nodes internally. This allows for the company to retain every Bitcoin payment without converting it to fiat. Essentially, this means that every single Bitcoin paid by customers for the purchasing of vehicles will not be liquidated.

Musk’s tweet explaining this is quoted below:

“Tesla is using only internal & open source software & operates Bitcoin nodes directly.

Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

At the time of this report, this payment option is only available to customers residing in the United States. But Musk intends to make the option of paying with Bitcoin available worldwide, to as many customers as possible.

In a concluding tweet, the billionaire said that “Pay by …
Story continues on Zycrypto

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