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Tesla to consider accepting cryptocurrency as payment again

Tesla may start accepting Bitcoin as a method of payment again.

Tesla currently has a $1.5 billion dollar holding in Bitcoin and is considering accepting cryptocurrency as a form of payment again.

Tesla previously suspended their acceptance of Bitcoin in May over concerns for the environment.

Musk had stated that they would start accepting that form of currency again when a reasonable amount of clean energy was being used to mine.

Tesla just this week reached the $1 trillion mark for their market cap and is only the fifth company in the United States to do that.

The other companies are Apple, Microsoft, Amazon, and Alphabet.

Related: Will Bitcoin, Dogecoin and Tesla rule 2022?

Categories: BusinessNews