Elon Musk says Tesla will no longer accept bitcoin due to fossil fuel use

Digital currency, which is made with an energy-intensive process that often relies on fossil fuels, fell more than 7% after the tweet

Tesla has suspended the use of bitcoin to purchase its vehicles, Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining.

Related: Dogecoin’s record-breaking rise shoots ‘joke’ cryptocurrency to wider attention

Continue reading…
Digital currency, which is made with an energy-intensive process that often relies on fossil fuels, fell more than 7% after the tweet
Tesla has suspended the use of bitcoin to purchase its vehicles, Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining.
Related: Dogecoin’s record-breaking rise shoots ‘joke’ cryptocurrency to wider attention Continue reading…Technology | The Guardian

Leave a Comment

Your email address will not be published. Required fields are marked *