It's official. Customers can now pay in bitcoins to purchase a Tesla car. Tesla chief and billionaire entrepreneur Elon Musk on Wednesday took to Twitter to confirm that the electric vehicle maker has started accepting the digital currency during transactions.
"You can now buy a Tesla with bitcoin. Tesla is using only internal and open source software and operates bitcoin nodes directly," the CEO said in a series of tweets. Nodes are computers on bitcoin’s network that work to verify transactions and avoid the cryptocurrency from being spent twice.
Musk added that bitcoin paid to Tesla will be retained as bitcoin, not converted to fiat currency.
However, customers outside the US will have to wait till the end of the year to pay by bitcoin. The company website has also set up a 'support' page for customers.
It is to be noted that bitcoin is the only cryptocurrency Tesla accepts. The development comes only a month after Tesla said it had invested $1.5 billion in bitcoin in January. Last month, Tesla had announced that it was soon planning to start accepting the cryptocurrency as payment for its electric vehicles.
