You can now buy a Tesla with bitcoin

Having stunned the market with its audacious bet on bitcoin earlier this year, Tesla will now start accepting the world’s largest electronic currency as payment for its electric cars.

CEO Elon Musk tweeted this week that “you can now buy a Tesla with bitcoin” and that paying by bitcoin will also be available to customers outside the US later this year. He added that Tesla will only use internal and open-source software and that any bitcoin paid to the company will be retained as bitcoin and not converted to a fiat currency.

Tesla disclosed its $1.5bn (R22bn) investment in bitcoin in February, sending prices to a record.