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Friday, June 25, 2021

Tesla Has Announced That For Environmental Reasons It Will Stop Accepting Bitcoin

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Tesla Has Suspended The Acceptance Of Bitcoin For The Purchase Of Vehicles, Announced Ceo Elon Musk. The Company Cited Concerns “About The Increasing Use Of Fossil Fuels For Mining And Bitcoin Transactions , Especially Coal, Which Has The Worst Emissions Of All Fuels.”

Bitcoin Will Not Be Accepted For Now

Tesla Ceo Elon Musk Announced On Twitter Wednesday That His Electric Car Company Suspended Accepting Bitcoin For Vehicle Purchases. The Company Makes It Clear That It Considers Cryptocurrency To Be “A Good Idea On Many Levels And We Believe It Has A Promising Future, But It Cannot Come At A Great Cost To The Environment.”

Tesla, However, Makes It Clear That It Will No Longer Make Bitcoin Sales And Believes In A More Sustainable Future For Mining, But Does Not Rule Out Accepting Altcoins.

“Tesla will not sell Bitcoin and we intend to use it for transactions as soon as mining moves to more sustainable energy. We are also looking for other cryptocurrencies that use less than 1% of Bitcoin’s energy / transaction. “

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