Tesla to stop accepting Bitcoin for car payments

Tesla to stop accepting Bitcoin for car payments

3 years ago
Anonymous $OlGJJXacOb

https://apnews.com/50a127950d68d42c8d211832a2a7074a

Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.

“We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said on Twitter. He added that cryptocurrency is a “good idea on many levels” but its promise cannot come at a “great cost to the environment."

Tesla to stop accepting Bitcoin for car payments

May 13, 2021, 12:22am UTC
https://apnews.com/50a127950d68d42c8d211832a2a7074a > Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. > “We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said on Twitter. He added that cryptocurrency is a “good idea on many levels” but its promise cannot come at a “great cost to the environment."