Crypto

Tesla could once again accept bitcoin as a payment method

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

What else to ignite the price of bitcoin? In its quarterly report submitted to the SEC, the US securities police, Tesla discusses the possibility of re-authorizing cryptocurrency as a means of payment for its cars and services.

“We have accepted bitcoin as a means of payment for the sales of some of our products in specific regions, subject to applicable laws, and we discontinued this practice in May 2021. We may restart the practice of crypto transactions in the future. services “, we can read.

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

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

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

The announcement was interpreted as a major change by Elon Musk, Tesla’s head of crypto. But now it seems that the rhetoric has changed again.

Olivier Chicheportiche BFM Business Journalist

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