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Tesla officially accepts Bitcoin as payment without converting to fiat currency, Musk says will operate Bitcoin nodes

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Tesla officially accepts Bitcoin as payment without converting to fiat currency, Musk says will operate Bitcoin nodes

Now, you can officially use Bitcoin for payment on Tesla's official website, as Musk also promoted this news on Twitter.

"You can now buy a Tesla with Bitcoin."

Musk even stated that Tesla will only use internal, open-source software to operate Bitcoin nodes and any Bitcoin paid to Tesla will be kept in Bitcoin form, not converted to fiat currency.

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He further mentioned that apart from the US, the global availability for paying with Bitcoin will be enabled later this year.

Tesla Official Website: Currently Accepting Bitcoin Payments Only

On the Tesla official website, any model can be purchased using Bitcoin as payment. You can see that there is now an option for Bitcoin below:

Previously, when Tesla invested $1.5 billion in Bitcoin, they stated, "We hope to start accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, upon receipt of payment we may or may not liquidate."

What are the Conditions for Buying Tesla with Bitcoin?

How to Pay?

Tesla states that you can generate a Bitcoin QR Code or address from their website and send the correct amount of Bitcoin from your Bitcoin wallet.

What if I input the wrong amount?

If you do not enter the correct amount, the transaction will be canceled.

Can I make multiple payments for one purchase?

No, Tesla requires a single transaction with the correct amount.

How long does the transfer take to complete?

After the transfer, it will update every minute. If it has not updated, do not resend the payment. Tesla will confirm via email, and the official statement mentions it may take up to six hours.

Do not transfer other cryptocurrencies

Tesla reminds users not to attempt to transfer any other cryptocurrencies to the address provided, as the funds will be lost.