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Tesla bets big on Bitcoin, plans to accept cryptocurrency

Tesla Inc. invested $1.5b in Bitcoin and signaled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a new record after the vote of confidence from the electric-car market leader.

“We expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis,” Tesla said in the securities filing.

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crypto, bitcoin, tesla, payments