Tesla to resume Bitcoin payments when mining shifts to clean energy, Musk reasserts
India Today
Tesla CEO Elon Musk has shared more details on when the company will likely resume Bitcoin payments.
Elon Musk has reiterated Tesla's earlier plans for Bitcoin. On Sunday, the technology entrepreneur said Tesla would resume Bitcoin transactions once it sees the use of clean energy for the mining of the cryptocurrency, resulting in less real-world pollution from its use. The tweet was made after Tesla's recent decision to stop Bitcoin payments. The world's largest electric vehicle manufacturer had stopped accepting Bitcoin as payments in mid-May. The statement came within months of listing the cryptocurrency as a payment option for Tesla buyers. At the time, the company cited the pollution resulting from the "rapidly increasing use of fossil fuels for Bitcoin mining and transactions." In a statement tweeted by Musk, Tesla stated that the rapid surge in Bitcoin mining following its interest was mostly being met through the use of coal. It cleared that the fuel "has the worst emissions of any fuel," and for this reason, the company was suspending its use.
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