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May 13, 2021

Musk announced that Tesla suspended the use of Bitcoin payments

Tesla CEO Elon Musk said on social media Wednesday that Tesla is suspending the use of Bitcoin to pay for its car purchases out of "concern about the rapidly increasing frequency of fossil fuel use in bitcoin mining and trading," but will not sell any bitcoin.

Musk expressed concern about Bitcoin's impact on the environment, and Tesla is considering using a cryptocurrency with lower energy consumption.

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