Tesla may accept bitcoin as payment again

The American manufacturer mentions this possibility in its quarterly report sent to the SEC, the American stock market policeman.

What else to ignite the price of bitcoin? In its quarterly report submitted to the SEC, the American stock market watchdog, Tesla raises the possibility of allowing cryptocurrency again as a means of payment for its cars and services.

“We accepted bitcoin as payment for sales of some of our products in specified regions, subject to applicable laws, and suspended this practice in May 2021. We may restart the practice of crypto transactions in the future. -currencies for our products and services”, can we read.

Further, Tesla adds: “We believe in the long-term potential of digital both as an investment and as an alternative to cash.” The group also recalls having invested in the first quarter no less than 1.5 billion dollars in bitcoins.

Last May, Tesla justified its abandonment of bitcoin as a means of payment for environmental issues, causing the price of the cryptocurrency to fall.

Some Tesla investors, as well as environmentalists, were increasingly critical of how bitcoin is “mined” using large amounts of electricity generated by fossil fuels.

The announcement had been interpreted as a major reversal by Tesla’s crypto chief Elon Musk. But now it seems that the discourse has changed again.

Olivier Chicheportiche Journalist BFM Business

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