39 days ago • Posted by Jasper Lawler
Crypto markets shaken after shock U-turn by Tesla on accepting Bitcoin payments
Elon Musk Tweeted that Tesla has suspended purchases of Tesla using Bitcoin because of the envionmental impact of BTC mining.
Musk said in his post that Tesla was "concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel." Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment," Musk wrote.
Source: Yahoo Finance