Post
Topic
Board Bitcoin Discussion
Re: Tesla now accepts Bitcoin
by
Sithara007
on 06/04/2021, 06:37:18 UTC
This adaptation is really good, imagine in the future people pay cryptocurrency more rather than fiat money.

For large payments, that doesn't require immediate confirmation, Bitcoin can be used at a lower cost compared to fiat currency. The transaction fee is still quite high (median fee stands at around $10 even now), but it is possible to get the payments confirmed in 4-5 hours even if you pay a fee of less than $1. For large purchases (such as Tesla Model S, which costs >$80,000), paying in Bitcoin can be more cost-effective, easy to process and safer compared to more traditional forms of payment.