Tesla Inc. TSLA appears to be preparing to accept Bitcoin BTC/USD payments once again after a brief hiatus due to environmental concerns, Electrek reports.
Tesla’s Bitcoin History: Early in 2021, Tesla made a significant investment in Bitcoin, only to suspend vehicle purchases using the cryptocurrency due to concerns over its environmental impact.
The company stated, “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
See Also: Larry Summers Says Team Biden’s Crackdown On M&A Almost Like A ‘War On Business’
Is Tesla Accepting Bitcoin Again?: Now, two years later, code on Tesla’s website suggests that the company is preparing to accept Bitcoin payments again. This move aligns with recent reports indicating that over half of Bitcoin mining is now powered by renewable energy.
Read Next: Elon Musk Juggling Multiple Ventures Is A Threat For Tesla, Hard To Focus On Any One, Says Expert
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