Tesla will accept Bitcoin when miners use clean energy

Tesla was accepting Bitcoin as payment for its vehicles. Then it stopped earlier this year. Now the company led by Elon Musk says it will accept Bitcoin when clean energy is used in mining. “Tesla only sold approximately 10% of holdings to confirm BTC could be liquidated easily without moving [the] market,” Musk said in the tweet. “When there’s confirmation of reasonable (approximately 50%) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions.” (Source: CNET) Read the original story…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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