You Can Now Buy A Tesla Using Bitcoin

Tesla CEO Elon Musk announced that it is now possible for people to buy Tesla vehicles in the U.S. with bitcoin, an announcement that is likely to take Bitcoin to another new level. The crypto coin has been rising in value with each passing day.

The announcement comes after Tesla revealed that it had bought $1.5 billion worth of bitcoin and that it would soon start accepting the world’s most popular cryptocurrency as a form of payment. “You can now buy a Tesla with Bitcoin,” tweeted Musk.

People outside the U.S. will be able to buy a Tesla with bitcoin “later this year.” He, however, did not disclose the countries outside the US that will be able to purchase Tesla cars using Bitcoin. Tesla is now using “internal” and “open-source software.”

The Tesla CEO added that the company “operates bitcoin nodes directly.” Nodes are computers on bitcoin’s network that work to verify transactions and avoid the cryptocurrency from being spent twice.

Read More:

• Tesla Shares Up By 19 Percent On Tuesday

Naturally, having invested a sizable chunk of its cash into bitcoin, it’s not surprising to see Tesla open up Tesla purchases using bitcoin. How much will this option be used? How much will it stimulate interest in and use of bitcoin? Who the heck knows?