24.1 C
Delhi

Own a Bitcoin? You can now buy a Tesla

Have you ever thought of buying a car by Bitcoin? It’s time to make your dreams come true as finally Elon Musk makes it official:

Yes, you can now own a Tesla by paying in Bitcoins; well, this was flagged rumour until now as Musk makes this official announcement. We know how out-of-the-box Elon Musk is and his passion for cryptocurrency, so its natural to see him announce this.

With this announcement, Tesla becomes the first major automaker to accept payments in bitcoin in exchange for its cars. He further added that the ‘Pay by Bitcoin’ functionality would be made available outside the US at the end of 2021.

The worth of cryptocurrency has been on a hike for the last couple of years, and Musk and his company knows it, so in February, Tesla bought $1.5 billion worth of bitcoin.

- Advertisement -TechnoSports-Ad

Tesla CEO Elon Musk also said in his tweet that Tesla is using only internal & open source software & operates Bitcoin nodes directly. Interestingly, having to know the volatile nature of Bitcoin, Musk has even confirmed that Bitcoin paid to Tesla shall be retained as Bitcoin only and will not be converted to fiat currency.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Raunak Saha
Raunak Saha
A cs engineer by profession but foodie from heart. I am tech lover guy who has a passion for singing. Football is my love and making websites is my hobby.
TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

GIGABYTE Launches AORUS CO49DQ: A Revolutionary QD-OLED Gaming Monitor in India

GIGABYTE, a global frontrunner in PC components and laptops, proudly announces the debut of its latest marvel in the gaming world - the AORUS...

Qualcomm Unveils Snapdragon X Plus: A Leap Forward in Mobile Computing Performance and Efficiency

Qualcomm Technologies, Inc. has just elevated the benchmark for mobile computing with the introduction of the Snapdragon X Plus to its esteemed Snapdragon X...

Samsung Innovation Campus Season 2: Empowering Indian Youth in Future-Tech Domains

Samsung, India's leading consumer electronics brand, has launched the second season of its national skilling program, the Samsung Innovation Campus. This initiative is designed...

Ferrari and HP Inc Forge Historic Title Partnership

In a groundbreaking announcement today, Ferrari and HP Inc. have unveiled a multi-year title partnership, marking a historic collaboration between two of the world’s...