On Wednesday Tesla chief Elon Musk announced that now electric vehicles of the company can be bought using bitcoin and the option will be available later this year in countries other than the United States.
“You can now buy a Tesla with bitcoin,” he tweeted here on Wednesday, adding that bitcoin paid to Tesla will not be converted into conventional currency.
Tesla chief had said last month that it bought $1.5 billion of bitcoin and would soon accept it as a form of payment for cars, sending the price of the world’s most popular cryptocurrency soaring.
Musk, while promoting cryptocurrency through his Twitter account, had last month criticized conventional cash, saying when it “has negative real interest, only a fool wouldn’t look elsewhere.”
He had added that the difference with cash made it “adventurous enough” for the S&P 500 company to hold the cryptocurrency.