A few hours ago, we learned that Tesla will no longer accept payments in BTC for its products. The reason? Bitcoin digging is harmful to the environment. So will the company open up to other "green cryptocurrencies"? Green cryptocurrencies perfect for Tesla The fact that mining requires a lot of electricity has been talked about for a long time. Of course, RES is often used to mine BTC, but the general narrative in the media is that digging cryptocurrencies consumes a lot of energy. Currently, the political world is dominated by the trend of fighting for a clean environment. It is possible that this is why Tesla has decided to abandon its bitcoin payments. Earlier, the company announced that it bought $1.5 billion worth of bitcoins. This took place in February 2021. Shortly after, it suggested that it would start accepting BTC as payment for its products. In March, it was revealed that US customers can already pay for cars using the cryptocurrency. Now the company has added: Tesla will not sell Bitcoin and intends to use it for transactions as soon as mining moves to more sustainable energy. It added that the company is interested in cryptocurrencies that use less energy per transaction than BTC. The last sentence is key here. Will Tesla open up to other cryptocurrencies? Recently, Musk himself asked on his Twitter profile if his fans would like to buy his company's cars with Dogecoins. An opportunity for Ether? However, it's worth considering whether Tesla will start adopting other cryptocurrencies. Ether consumes an estimated 62.56 kWh per transaction. The Ethereum network is currently based on Proof-of-Work (like Bitcoin's blockchain), but this is set to change with the project's transition to Ethereum 2.0, which will introduce Proof-of-Stake. This consensus model is up to 99% more energy efficient than PoW. XRP Ripple could also become an alternative, and this is because all XRP tokens have been pre-mined, and transactions on this network require a small amount of energy of only 0.0079 kWh. Stellar Lumens (XLM) is also close to XRP, as all the tokens of this network were dug at the time of the project's inception. Another candidate is Algorand. Not only does it run on Pure Proof-of-Stake, but its development team announced on April 22 that its blockchain has become fully carbon neutral. Of course, at the bottom of the list is Dogecoin, of which Musk is a fan. So will the cryptocurrency-mem become a serious project and currency for Tesla? Tags btc doge ETH cryptocurrencies Tesla
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