He made this disclosure on his twitter handle.
The billionaire also noted that such Bitcoin capability will be available outside the United States later this year.
According to him, “Tesla is using only internal and open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”
Tesla is using only internal & open source software & operates Bitcoin nodes directly.
Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency
This comes as no shock to many on the account that a few months back the founder of Tesla, Elon Musk made inquiries about converting “large transactions” of Tesla’s balance sheet into Bitcoin from Michael Saylor, a prominent supporter of the digital currency.
The world’s most valuable carmaker in its most recent term and conditions revealed Bitcoin was the only Crypto accepted by Tesla for such payment
“You may not make purchases with us using any other digital asset, including Bitcoin fork products, such as Bitcoin Cash and Bitcoin SV. Our Bitcoin digital wallet is not configured to detect or receive digital assets other than Bitcoin,” states the terms.