Tesla Suspends Bitcoin Payments Over “Concerns About Environmental Impact” | ZeroHedge

After announcing plans to accept payment for Tesla’s cars in bitcoin back in February, Tesla CEO Elon Musk has just announced via tweet that the company will suspend bitcoin payments over concerns about the environment.As perhaps the biggest booster of bitcoin in corporate America, Tesla announced during its Q1 earnings report released last month that it made a $272 million profit selling some of the bitcoin it had purchased on the company’s balance sheet. Earlier this week, Musk joked about the possibility that the firm might accept Doge for payment.

Source: Tesla Suspends Bitcoin Payments Over “Concerns About Environmental Impact” | ZeroHedge

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