AGL 37.76 Decreased By ▼ -0.39 (-1.02%)
AIRLINK 129.30 Increased By ▲ 4.23 (3.38%)
BOP 7.41 Increased By ▲ 0.56 (8.18%)
CNERGY 4.63 Increased By ▲ 0.18 (4.04%)
DCL 8.70 Increased By ▲ 0.79 (9.99%)
DFML 38.70 Increased By ▲ 1.36 (3.64%)
DGKC 81.05 Increased By ▲ 3.28 (4.22%)
FCCL 32.55 Increased By ▲ 1.97 (6.44%)
FFBL 74.85 Increased By ▲ 5.99 (8.7%)
FFL 12.35 Increased By ▲ 0.49 (4.13%)
HUBC 109.20 Increased By ▲ 4.70 (4.5%)
HUMNL 13.95 Increased By ▲ 0.46 (3.41%)
KEL 5.00 Increased By ▲ 0.35 (7.53%)
KOSM 7.64 Increased By ▲ 0.47 (6.56%)
MLCF 38.36 Increased By ▲ 1.92 (5.27%)
NBP 72.30 Increased By ▲ 6.38 (9.68%)
OGDC 186.99 Increased By ▲ 7.46 (4.16%)
PAEL 25.39 Increased By ▲ 0.96 (3.93%)
PIBTL 7.31 Increased By ▲ 0.16 (2.24%)
PPL 150.70 Increased By ▲ 7.00 (4.87%)
PRL 25.24 Increased By ▲ 0.92 (3.78%)
PTC 17.30 Increased By ▲ 0.90 (5.49%)
SEARL 82.00 Increased By ▲ 3.43 (4.37%)
TELE 7.55 Increased By ▲ 0.33 (4.57%)
TOMCL 32.55 Increased By ▲ 0.58 (1.81%)
TPLP 8.46 Increased By ▲ 0.33 (4.06%)
TREET 16.30 Increased By ▲ 0.17 (1.05%)
TRG 56.20 Increased By ▲ 1.54 (2.82%)
UNITY 28.35 Increased By ▲ 0.85 (3.09%)
WTL 1.33 Increased By ▲ 0.04 (3.1%)
BR100 10,534 Increased By 445 (4.41%)
BR30 30,951 Increased By 1441.8 (4.89%)
KSE100 98,278 Increased By 3704.2 (3.92%)
KSE30 30,655 Increased By 1210.1 (4.11%)
Technology

You can now purchase a Tesla with Bitcoin

  • “Tesla is using only internal and open source software and operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency,” added Musk.
Published March 24, 2021

Technology magnate and chief of Tesla Inc, Elon Musk on Wednesday announced that the customers can now purchase a Tesla vehicle with Bitcoin.

“You can now buy a Tesla with Bitcoin,” tweeted Musk on Wednesday. He informed that the payment through Bitcoin capability will be available outside the United States later this year.

“Tesla is using only internal and open source software and operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency,” added Musk.

Last month Elon Musk's electric carmaker Tesla invested $1.5 billion in the virtual unit, while Twitter chief Jack Dorsey and rap mogul Jay-Z said they are creating a fund aimed at making Bitcoin "the internet's currency". Others jumping on the bandwagon include Wall Street player BNY Mellon, investment fund giant BlackRock and credit card titan Mastercard.

It is pertinent to mention that Bitcoin has tripled in value over the last three months -- it was worth $20,000 in December -- bolstered by increasing backing from corporate heavyweights.

Comments

Comments are closed.