Tesla has decided to no longer accept; payments in Bitcoin for the purchase of its cars. The reason for this decision is; purely environmental. The extraction of this cryptocurrency and its transactions, in fact, require a lot of energy and this is still produced by burning many fossil fuels. After all, the problems of energy consumption of this cryptocurrency that can lead to a serious environmental impact are a current issue on which there is a lot of discussion. Elon Musk si & egrave; said therefore concerned about the possible increase in the use of fossil fuels for the production of electricity for the extraction and transactions of Bitcoins.
The energy inefficiency of this cryptocurrency collides with the & quot; mission & quot; of Tesla that & egrave; that of accelerating the transition towards the use of sustainable energy.
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WHAT HAPPENS NOW? 
Tesla, therefore, has removed the possibility from its configurator. to pay for cars in Bitcoin, an option until now limited only to the American territory, even if there was the will & agrave; to offer this form of payment in the future also in other markets. However, Elon Musk continues to believe in cryptocurrencies which according to him have a promising future. However, their use cannot be used. have a high cost to the environment.
Tesla & amp; Bitcoin pic.twitter.com/YSswJmVZhP
& mdash; Elon Musk (@elonmusk) May 12, 2021
Musk makes it known that his company & agrave; will come back to use Bitcoins when they exploit more sustainable energy. Additionally, Tesla is looking into other cryptocurrencies as well less energy-intensive. The project of the CEO of the company & agrave; American to push on the use of this particular form of payment that had made cryptocurrency admirers rejoice, has therefore suffered a stop that could last a very long time.
It is difficult, in fact, for Tesla to find a & # 39; valid alternative to Bitcoins in a short time even if in recent times some names had been made including that of Dogecoin . All that remains is to wait to understand what the next moves of Elon Musk's company will be on the cryptocurrency front.
It should be remembered that Tesla had invested 1.5 billion dollars in Bitcoin at the time. beginning of February precisely with the aim of introducing this form of payment for the purchase of its products. A part of this & quot; treasure & quot; & egrave; was sold in the first quarter of 2021. The gains made it possible to improve the economic data of his company & agrave; in that quarter.
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