Tesla cars will be available in just one bitcoin, the company now starts taking payments in cryptocurrency - Newztezz Online

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Thursday, March 25, 2021

Tesla cars will be available in just one bitcoin, the company now starts taking payments in cryptocurrency


Tesla CEO Elon Musk has always been known to innovate. 
Now they have announced that customers can buy Tesla cars by giving bitcoins. The service has just been launched for the US, but Elon Musk has said that later this year other countries will be given the option to pay with popular cryptocurrencies.

Popular car maker Tesla announced a month ago to start accepting bitcoins as payment. Tesla has already invested $ 1.5 billion in bitcoin.

Base model will be available in just one bitcoin

Currently one bitcoin is worth more than $ 56,000, which means that people will have to pay less than a coin to buy an entry-level (base model) Tesla. The entry-level Tesla Model 3 Standard Range Plus has a starting price of $ 37,990. At the same time, the price of the long range starts at $ 46,990. Apart from this, the top-of-the-line price is $ 54,990.

Musk said in a tweet, "You can buy a Tesla with bitcoin now." He said, "Tesla is using only internal and open source (internal and open source) software and directly operates bitcoin nodes. The bitcoins given to Tesla will be retained as bitcoins, which will not be converted into fiat currency. ” Musk further said that the facility of payment through bitcoin will also be available to other countries outside the US later this year.

The option to use cryptocurrency now appears on the company's US website. To make a payment, users will have the option to scan a QR code or copy and paste its bitcoin wallet address.

According to Tesla's bitcoin payment terms and conditions, the price of its vehicles will continue in US dollars. Musk is also tweeting in support of DogCoin, which has increased the value of cryptocurrency.

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