Suspending Bitcoin payments, Tesla can resume Bitcoin payments

Şükriye Akdeniz

Oct 26, 2021

Tesla gives the green light to crypto payments again

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Although the Tesla company did not give an exact date, it recently stated that the company's products and services can be purchased in exchange for crypto money. Additionally, Tesla confirmed that it had purchased approximately $1.50 billion worth of Bitcoin towards the end of the third quarter.
Tesla company, of which Elon Musk is the CEO, was accepting Bitcoin payments until last March, but soon announced that it was suspending this new application due to environmental reasons. After these events, Tesla will have realized that Bitcoin has performed better after the Bitcoin ETF implementation in the USA, and the possibilities of using Bitcoin as a payment method began to resonate.
An official working at Tesla made the following statement on the subject:
“During the nine months ending September 30, 2021, we have purchased a total of $1.50 billion worth of Bitcoin. We also accepted Bitcoin as a payment for the sale of our products in certain regions, subject to applicable laws for three months, and suspended this practice in May 2021. We may reuse cryptocurrencies for our products and services in the future.”

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