Cars with bitcoins

Yesterday on 24th march CEO and product Architect of Tesla company announced in a tweet that customers now can buy Tesla cars with bitcoins.
Tesla has now allowed customers from the US to secure their new cars with a security deposit of 100 dollars worth of bitcoins. Mr Elon has now announced that same facility will be available to other countries in the coming times.
It seems too thrilling to many but has some downfalls of its own, as of now bitcoin prices are volatile, making it rapidly move up or down which will make car prices change from minute to minute.
Users are allowed to make a refund application, refund will be payed in the bitcoins and when the bitcoin's dollar value moves down it will be a lose end to the customer only.

He also stated this in another tweet:
Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.
That means government will have no control over the prices of tesla and all payments will be retained in bitcoins, not in government owned currencies.

Special thanks to @steemcurator01 and @steemcurator02 for @SteemitCryptoAcademy

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