Tesla suspends vehicle purchases using Bitcoin
The Hindu
Tesla began accepting the world’s most-traded digital currency as payment in February this year
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Electric carmaker Tesla will no longer accept Bitcoin for car purchases, CEO Elon Musk said on Wednesday, stating concerns about emissions due to use of fossil fuels to mine the cryptocurrency. “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” Musk said in a tweet.
Bitcoin’s march toward $100,000 made further ground on Thursday as the coin crossed $95,000.
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