Elon Musk’s Tesla no longer accepts bitcoins due to its environmental impact


The car company Tesla will stop accepting Bitcoin transactions due to the large environmental impact of Virtual Currency Mining. This was reported by its co-founder Elon Musk on your Twitter account this Wednesday.

Elon Musk’s Tesla no longer accepts bitcoins due to its environmental impact
Elon Musk’s Tesla no longer accepts bitcoins due to its environmental impact

“Tesla has stopped buying vehicles with Bitcoin. We are concerned about the increasing use of fuels and non-renewable energy in transactions and mining.

Especially coal, which has the highest pollutant emissions into the atmosphere. Cryptocurrencies are a good idea on many levels, but their future shouldn’t have a major negative impact on the environment.

Tesla will stop selling its Bitcoin and use it for transactions as soon as mining switches to using renewable energy. We’re also investigating the use of cryptocurrencies, which use less than 1% of the energy needed for Bitcoin, “says Musk’s tweet in English.

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Until a few hours ago, the Tesla site offered the option to purchase the vehicles on their website, but the link has disappeared.

The news had an impact on the price of Bitcoin. In accordance with Market observationThe cryptocurrency was down $ 2,000 while Tesla shares fell about 1% in after-hours trading following the announcement.

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