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Musk says Tesla will accept bitcoin when miners use reasonable clean energy

Tesla will resume allowing bitcoin transactions when there is confirmation of reasonable clean energy usage by miners   | Photo Credit: Reuters

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Tesla Inc's Elon Musk tweeted on Sunday that the company will resume allowing bitcoin transactions when there is confirmation of reasonable clean energy usage by miners.

"Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market," he said in a tweet ."When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions."

Also Read | Tesla suspends vehicle purchases using Bitcoin

 


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Printable version | Jul 31, 2021 5:24:04 AM | https://www.thehindu.com/sci-tech/technology/musk-says-tesla-will-accept-bitcoins-when-miners-use-reasonable-clean-energy/article34809454.ece

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