Image by Why Bitcoin Makes It Hard To Purchase Tesla Vehicles
- By Peter Mathew
In recent news, Tesla’s CEO, Elon Musk, went public with a tweet that hailed a first proper step in integrating cryptocurrency into our daily life. Announcing it where he could get the most traction from all the generations together, his tweet called out for interested buyers to pay for Tesla’s electric vehicles in bitcoin. But with all first steps in the right direction, Tesla has hit a pothole in incentivising this transaction method.
The main reason behind this expeditionary move by Tesla is to acquire most of the original cryptocurrency. This is because, according to him, they will not be exchanged for hard cold cash. Unfortunately, due to the uniqueness of such a medium of transaction, the convenience of using it has been sacrificed.
Challenges & Factors
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Peter Mathew
Passionate about all things media and communications. I love being a journalist, though you can see me read a book or watch a classic film in my free time.
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