Tesla intends to restart cryptocurrency payments

Tesla intends to restart cryptocurrency payments

2021/10/26

According to reports, electric car manufacturing giant Tesla led by Elon Musk may soon seek to restore support for encrypted payments.In a quarterly document submitted to the U.S. Securities and Exchange Commission (SEC) in September this year, Tesla stated that “the practice of cryptocurrency trading may be restarted in the future”,This shows that Tesla is considering resuming the use of digital asset transactions.In addition, Tesla also expressed its belief in crypto assets as a means of storage of value and a means of payment,They wrote in the document "We believe in the long-term potential of digital assets as an investment and cash substitute.”In June of this year, Elon Musk stated that if "at least half" of the BTC network's computing power is provided by renewable energy, Tesla will resume BTC payments.

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