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RE: HOW THE ACCEPTANCE OF CRYPTO PAYMENT IMPACTED TESLA'S FINANCE (Elon Musk)

in LeoFinance3 years ago

Hi @oyakhilomhen90

Nice post.

I agree that Tesla accepting Bitcoin is the start of a happy union of cryptocurrency and commerce. As you pont out the ease of purchase with crypto for people globally is a unique point of utility for those purchasing from countries where the dollar isn't the currency. Plus the speed of the transaction far exceeds a similar one with a dollars converted from their native currency. The amount of regulatory delay, cost and banking rules avoided by this is surely substantial.

Once ELon lets this Bitcoin transaction flow I think he will see consistent increases in profits that will make environmental conscerns a secondary issue, which can dealt with by future measures, as his primary concern is company solvency.

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