Tesla now accepts Bitcoin as payment for its cars in the US. The option to pay using the cryptocurrency now appears on the company’s us website.

Musk tweeted that’Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency’.

Pay by Bitcoin capability available outside us later this year. Pay by Bitcoins capability also available in the UK. More than 30 per cent of us live live live here.

Users will have the option of scanning a QR code or copying and pasting its Bitcoin wallet address to initiate the payment. Tesla estimates that a $ 100 deposit paid today equals 0.00183659 BTC.

Customers are also responsible for directly paying all Bitcoin transaction fees associated with their purchase. Tesla warns that although Bitcoin payments typically take less than an hour to complete, this can extend to’one day or more’.