Chief Executive Officer Elon Musk on Wednesday tweeted that “you can now buy a Tesla with Bitcoin,” and that paying by Bitcoin will also be available to customers outside the U.S. later this year. He added Tesla will only use internal and open-source software, and that any Bitcoin paid to the company will be retained as Bitcoin and not converted to a fiat currency.

California-based Tesla disclosed its $1.5 billion investment in Bitcoin in February, and signaled its intent to begin accepting the cryptocurrency as a form of payment at the time, sending prices to a record. The world’s leading EV maker made the Bitcoin bet after updating its investment policy in January to allow it to buy digital assets.

Bitcoin rose 3% to $56,108 as of 8:33 a.m. in London.

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In addition to lending increased legitimacy to electronic currencies, Musk’s embrace of Bitcoin fits his maverick image. The billionaire has often tweeted about cryptocurrency-related topics and recently called Bitcoin “a good thing” in an interview. Dogecoin, the once tongue-in-cheek digital currency, also soared to records in February after Musk, rapper Snoop Dogg and Kiss bassist Gene Simmons tweeted about it.

Source: Tesla Now Accepts Bitcoin as Payment for Cars, Musk Says | Newsmax.com

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