Musk: Tesla to resume accepting Bitcoin as payments
Tesla is to resume accepting Bitcoin as payments after it finishes checks on the cryptocurrency’s environmental impact, chief executive Elon Musk said yesterday.
“I wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50 per cent, and that there is a trend towards increasing that number, and if so Tesla would resume accepting bitcoin” Musk said.
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The comments are a reversal of an earlier move when Tesla stopped accepting Bitcoin in May due to concerns about its environmental sustainability.
Critics of Bitcoin say mining the cryptocurrency involves producing high levels of carbon emissions.
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