Why is Tesla not accepting Bitcoin?

Key Points:

  • Tesla began accepting Bitcoin payments since its CEO, Elon Musk, supports cryptocurrency
  • The company stopped featuring the Bitcoin payment method two months later due to environmental concerns.
  • Tesla is likely to resume accepting Bitcoin once Bitcoin mining becomes more sustainable.

Why did Tesla accept Bitcoin?

Reasons to stop accepting it?

What are the climate concerns about Bitcoin?

When will Tesla begin to accept Bitcoin again?

How to accept Bitcoin

Conclusion

Why use NOWPayments.io?

  • Over 50 cryptocurrencies are accepted on the platform with an in-built exchange feature;
  • API, widgets, plugins and a donation button are all easy to integrate;
  • It is a non-custodial service ensuring the security of your funds;
  • A very simple setup

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store