Tesla cars can now be purchased through Bitcoin: Elon Musk

Now You can Purchase tesla Cars Through Bitcoin? Elon Musk, who has been a champion of cryptocurrency debates around the world, has made a big announcement. Now you can purchase Tesla cars through Bitcoin. Tesla CEO Alan himself announced that his company operates bitcoins through internal and open-source software. After making a payment through bitcoin in the purchase, it will remain in the form of this cryptocurrency, it will not be converted into any other currency.

On one hand, many countries of the world are thinking about ‘banning’ cryptocurrency, working in that direction. On the other hand, some countries and companies like Tesla are trying to incorporate it into the trend, Elon Musk has spoken in favor of cryptocurrencies several times in the last few months.

Musk suffered a major loss in February

In February 2021, shares of Elon Musk company Tesla fell 8.6% on February 22, reducing their total assets by $ 15.2 billion ($ 1500 million). This was the biggest drop in Tesla shares since September last year. For this, Elon Musk’s comment on bitcoin was being attributed to some extent. Musk had said about bitcoin and its adversary ether that ‘their prices seem to be going up.

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What is cryptocurrency or bitcoin?

A virtual or cryptocurrency is a type of digital currency that is generated and regulated with the help of encryption technology. The RBI or any other country’s banking regulator does not have an effective role in the process of creation, investment, transaction, or fund transfer of these currencies. There is neither the seal of any country on these currencies nor is there any kind of sovereign or government guarantee for their payment. There are many crypto-currency prevalent around the world, of which bitcoin is the most famous.

Is cryptocurrency valid in India or not?

Nirmala Sitharaman said recently that we will not completely ban cryptocurrency, will allow blockchain. But according to sources, there was talk of denying currency like bitcoin as illegal. News agency Reuters on March 15 quoted a source close to the news of the new law on cryptocurrency, saying that the Indian government will bring laws to keep, issue, mine, trade-in and transfer its cryptocurrency as criminal activity. Is supposed to be According to the news, this process is in its last stage. If such a law comes, then Bitcoin and other crypto investors can be punished in the law.