Tesla Considering to Resume Bitcoin Payments in the Near Future
According to the quarterly filing with the Securities and Exchange Commission (SEC), Tesla is considering restarting “the practice of transacting in cryptocurrencies.” The world’s biggest manufacturer of electric vehicles has stopped accepting Bitcoin after Tesla’s CEO and founder Elon Musk criticized the digital currency for being bad for the environment.
Key takeaways:
Tesla was accepting Bitcoin for only about a month and a half earlier this year – Tesla buyers could purchase electric vehicles with BTC between March and May. Additionally, the company also acquired $1.5 billion worth of BTC in the first quarter of 2021.
After Musk publicly criticized the proof-of-work BTC network for consuming too much energy, the company suspended digital currency payments. Despite his crit...