CRYPTO

Telsa hints that it may soon resume support for crypto payments

Tesla, led by Elon Musk, the main electric vehicle maker Dozcoin converter, has hinted that it may soon regain support for crypto payments.

In a September quarterly filing with the U.S. Securities and Exchange Commission (SEC), the firm said it could “resume the practice of trading in cryptocurrencies in the future,” suggesting that Tesla is looking at resuming support purchases using digital assets.

The company has expressed a long-term belief in crypto assets as a means of value and payment, citing:

“We believe in the long-term potential of digital assets as an investment and as a liquid alternative to cash.”

Tesla previously accepted Bitcoin as a payment to buy electric cars between January and March this year. The move comes as part of a broader Bitcoin embrace from Tesla, the firm that invested কো 1.5 billion of its treasury in BTC in the first quarter of 2021.

However, support for Bitcoin was quickly withdrawn after the firm faced criticism for supporting BTC, despite the notion that work evidence has a negative impact on the mining environment.

In June, CEO Elon Musk indicated that Tesla would consider resuming support for Bitcoin payments if at least half of Bitcoin’s network hash rate is powered by renewable energy.

The report comes amid reports that Tesla’s market cap has peaked at $ 1 trillion following a landmark deal with car rental company Hertz. Tesla shares also rose nearly $ 1k for the first time.

Related: SHIB is down 20% because Elon Musk has revealed that he does not own anyone.

To the frustration of Shiva Inu coin holders, Elon Musk tweeted this weekend that he only has Bitcoin, Ethereum and Dozcoin.

On Monday, Twitter user Shiva Inu Holder tweeted to Elon Musk how much SHIB he was holding, to which Musk replied: “None.”

“Out of curiosity, I’ve acquired some ascii hash strings called‘ Bitcoin, Ethereum and Dose ’. It is, ”he said Added.