Tesla (Tesla Inc.) CEO Elon Musk (Elon Musk) said on Wednesday that Bitcoin can now be used to buy the company’s electric cars, and that the option will be available outside the United States later this year Listed.
“You can now buy a Tesla with bitcoin,” he tweeted on Wednesday, adding that bitcoin paid to Tesla will not be converted into conventional currency.
The electric-car maker had last month said it bought $1.5 billion of bitcoin and would soon accept it as a form of payment for cars, sending the price of the world’s most popular cryptocurrency soaring.
Musk, who has been promoting cryptocurrency through his Twitter account, criticized conventional cash last month, saying that when “the actual negative interest rate is negative, only fools will not look elsewhere”.
He once said that the difference in cash makes S&P 500 holdings of the cryptocurrency “risky enough.”
Following Tesla s investment in bitcoin, several companies, including Uber Technologies Inc and Twitter Inc had shared their views on the cryptocurrency.
Uber Chief Executive Dara Khosrowshahi said the ride-hailing company discussed and “quickly dismissed” the idea of investing in bitcoin. However, he added that Uber could potentially accept the cryptocurrency as payment.
Twitter had said earlier it was still undecided in holding bitcoin, while General Motors Co said it will evaluate whether bitcoin can be accepted as payment for its vehicles.
Tesla recently added “Technoking of Tesla” to Musk’s list of official titles.