Tesla accept Bitcoin as payment, has given new hopes for Indian Cryptocurrency!

Feb 10, 2021 | 1 min Read

Tesla an Electric vehicle maker company accept Bitcoin as payment for selling its products and services has given new hopes for Indian cryptocurrency entrepreneurs. Cryptocurrency is a digital money with no involvement of physical coin or money its all online. Bitcoin and Ether are well-known cryptocurrencies. People might use cryptocurrencies for quick payments and to avoid transaction fees. Though a cryptocurrency bill is passed by the govt which recommends ban on all private cryptocurrency except any virtual currencies issued by state. Tesla’s move will enhance trust for cryptocurrencies as an investment class among investors globally therefore hoping govt to come up with favourable regulations that will benefit investors and the Indian crypto ecosystem. Afterall when the world is embracing crypto currencies,India don’t want to lose out on the global technological race!