CLOSE

Electric vehicles have become a hot trend. However how much better are they for the environment than standard gas or diesel-powered automobiles? U.S.A. TODAY

There’s a new method to purchase a Tesla, according to CEO Elon Musk: Bitcoin.Musk exposed

early Wednesday his electrical vehicle business will accept the cryptocurrency as a kind of payment from customers.

In a series of tweets now pinned at the top of his feed, Musk stated Bitcoin utilized by customers to purchase a Tesla “will be maintained as Bitcoin.” When utilized, the Bitcoin will not be converted by Musk’s company to fiat currency, or money that is government-issued.

Musk likewise said the option to pay by Bitcoin will be available later on this year forconsumersoutside of the U.S.The company had already verified plans to accept Bitcoin in a filing February with the Securities and Exchange Commission.You can now purchase a Tesla

top hosted by the Bank for International Settlements.”They’re more of a possession for speculation. So they’re likewise not particularly in usage as a means of payment. … It’s essentially a substitute for gold rather than for the dollar. “The Associated Press contributed to this report. Follow Brett Molina on Twitter: @brettmolina23. Check out or Share this story: https://www.usatoday.com/story/tech/2021/03/24/elon-musk-tesla-accepting-bitcoin-form-payment/6978866002/