Although Tesla previously hinted at the possibility of crypto users acquiring their products through Bitcoin, earlier today Elon Musk gave the green light and reaffirmed his belief in the crypto leader.
Tesla will not only accept Bitcoin, it will make hodl
Tesla CEO Elon Musk ad Today on Twitter that the electric vehicle manufacturer has started accepting payments for its range of electric cars in Bitcoin.
And, as if that wasn’t enough, Musk assured that Tesla will keep any Bitcoin paid to the company instead of converting it to fiat currency. That is, it will be added to the crypto reserves that the automaker already has.
However, this is only for users in the United States. In fact, anyone with a US-based IP address will be able to see a new Bitcoin payment widget added to the site’s payment options.
In this regard, Musk added that he expects Tesla customers outside the United States to be able to pay in Bitcoin by the end of 2021.
Lastly, it is worth mentioning that depending on the model, a Tesla can cost a crypto user between 1 and 2.69 BTC.
Coinbase CEO promises better crypto attention
Yesterday Coinbase CEO Brian Armstrong participated in a Reddit forum where he addressed a number of questions from crypto users, especially considering his upcoming IPO.
In the video, Armstrong answered questions about the shortcomings of Coinbase’s customer service. In fact, one crypto user hinted that Coinbase is “hiding” behind automated responses.
In response, Armstrong said that the cause of the deficiencies is due to the recent bull run. However, he assured that the crypto exchange is working on solving the problem.
NYDIG cuts Bitcoin fee to 0.3%, does crypto competition start?
Today NYDIG issued a press release where it reported that, with immediate effect, it would be abruptly cutting prices for investors wishing to gain exposure to the leading crypto. The fee was reduced to 0.3%!
NYDIG’s strategy suggests increased competition in the institutional crypto market. Particularly for competitors like the Grayscale Bitcoin Trust (GBTC), which has 2% administration fees.
«NYDIG’s new pricing structure is 50-75% lower than comparable passive bitcoin access products available to investors and fundamentally 0.30% represents the fund’s true share of total expenses, including a Big Audit. -4 and legal, custodial and accounting fees»States the press release.
In a few lines …
- Scott Melker assures that the price of the leading crypto is not collapsing, despite the correction experienced in recent days.
- The THETA cryptocurrency has just entered the top 9 in the crypto market.
- Agustín Carstens, general manager of the Bank for International Settlements, calls for greater crypto regulation.