Businesstesla

Tesla Now Accepting Bitcoin As Payment

After announcing plans to accept bitcoin as payment in February, the electric car manufacturer has added the option to its website.After announcing plans to accept bitcoin as a payment method for its electric vehicles through a U.S. Securities and Exchange Commission (SEC) filing in February, Tesla has now officially added the payment method to its website.A bitcoin payment terms and conditions disclosure is available on the Tesla website as well. It clarifies that purchasers must have a bitcoin wallet in order to pay with bitcoin. Tesla provides these purchasers with a Bitcoin address and they are responsible for accurately transferring their bitcoin payment to it (bitcoin transactions sent to the wrong address would be irreversible). Tesla will indicate the “Bitcoin equivalent price” at the time of purchase, which will expire after an undisclosed amount of time. Buyers are responsible for any transaction fees associated with their purchase.Publicizing the addition, CEO Elon Musk tweeted that the company was accepting bitcoin and further clarified that Tesla is operating its own Bitcoin nodes and that it would retain any bitcoin it received, as opposed to selling it for fiat currency.“Tesla is using only internal & open source software & operates Bitcoin nodes directly,” he wrote. “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”As of now, it appears that the payment method is available for purchasing any of Tesla’s vehicle models, but that it is only available in U.S. stores. However, the …
Story continues on Bitcoin Magazine

Related posts
BitcoinElon MuskMarketsteslaTrading

Tesla Breathes New Life Into Bitcoin Bull Run

Bitcoin is back in the green after Tesla revealed that it began accepting the digital asset as payment. Now that BTC is closer to going mainstream, its price looks primed to move beyond the $62,000 all-time high.  Bitcoin Ready to…
BitcoinBTC priceCointelegraph.comElon Musktesla

Bitcoin tackles $56K as Tesla 'Elon candle' hits days before record options expiry

Elon Musk is “astutely aware” of the impact of options expiry, Zhu Su claims as Tesla sparks an unlikely uptick after a week of losses. Bitcoin (BTC) recovered above $56,000 on March 24 after a new “Elon candle” put a…
BitcoinBTC-USDteslaU.s.

Tesla Now Accepts Bitcoin, Won’t Sell BTC for USD

Residents in the continental United States can now buy a brand-new Tesla using Bitcoin, an update from the world’s leading automaker on Mar 24 confirms. Buy Tesla using Bitcoin What’s more, Tesla is keen on holding on to BTC and…