Home » Business » Tesla’s decision to stop accepting Bitcoin for payments causes sharp decline in cryptocurrency

Tesla’s decision to stop accepting Bitcoin for payments causes sharp decline in cryptocurrency

The value of the cryptocurrency “Bitcoin” fell by several thousand dollars on Thursday due to the decision of the US electric car manufacturer “Tesla Motors” to stop accepting payments in this currency.

The value of Bitcoin has fallen by more than 15% to $ 48,000.

Tesla co-founder and CEO Ilon Mask announced on Wednesday that the company has stopped accepting payments in cryptocurrency Bitcoin for environmental reasons.

The company is concerned about the rapid growth in the use of fossil fuels, especially coal, for Bitcoin digging and transactions, Masks said on Twitter.

“Cryptocurrency is a good idea on many levels, and we believe it has a promising future, but it can’t happen if it costs the environment dearly,” Masks wrote.

In March, Tesla officially began accepting the cryptocurrency Bitcoin as a means of payment for electric cars.

It is strictly forbidden to use, copy or reproduce the materials published on iAuto.lv on other Internet portals, mass media or otherwise handle the materials published on iAuto.lv without the written permission of EON SIA.

.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.