The world’s most valuable carmaker, Elon Musk has revealed via Twitter that customers can now buy a Tesla with Bitcoin.
For accepting bitcoin payments, Tesla isn’t relying on any third-party networks or wallets — the company is “using only internal & open source software & operates Bitcoin nodes directly
The fast-rising American electric car manufacturer said, Bitcoin was the only Crypto accepted by Tesla for such payment customers may not make purchases with us using any other cryptocurrency.
Tesla made headlines earlier this year when it took out significant holdings in bitcoin, acquiring a roughly $1.5 billion stake at then-prices in early February.
Musk also said that the plan is to expand bitcoin payments to other countries outside the U.S. by “later this year.” Depending on the market, that could require some regulatory work.
Tesla’s terms and conditions caution that customers need to be careful when inputting both the bitcoin address and amount to be paid. It notes in all caps that “bitcoin transactions cannot be reversed” and “if you input the bitcoin address incorrectly, your bitcoin may be irretrievably lost or destroyed.
Customers are also responsible for directly paying all bitcoin transaction fees associated with their purchase.