General Motors CEO: ‘Nothing Precludes GM From Accepting Bitcoin if There’s C...
The CEO of General Motors (GM), America’s largest automaker, says that nothing precludes her company from accepting bitcoin if there is consumer demand for it. “Certainly, we want to make the whole buying and ownership experience as easy as possible,” said the GM chief executive. GM Will Accept Bitcoin if There’s Demand, CEO Indicates Mary Barra, the CEO of General Motors (NYSE: GM), talked about the prospect of the largest automaker in the U.S. accepting bitcoin in an interview with CNBC Wednesday. Referencing Tesla CEO Elon Musk stating last week that his electric....
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General Motors once had a chance to dominate electric vehicle sales — but it killed the EV1 instead. Will its dismissal of Bitcoin cost it as dearly? Mary Barra, who has served as the chief executive officer of General Motors for seven years, said the company has no immediate plans to emulate Tesla’s Bitcoin purchase.During GM’s Q4 2020 earnings call today, Barra said the firm would monitor demand for customers wanting to pay for vehicles using Bitcoin (BTC), but didn’t intend to make a massive crypto purchase like Tesla just yet. "This is something we’ll monitor and we’ll evaluate," she....
With recent news that a customer purchased a Tesla electric vehicle from Lamborghini Newport Beach, some have raised the question: why doesn't Tesla sell their vehicles to customers directly with bitcoin? It's an interesting question, so we set out to get in touch with the company regarding the matter. Unfortunately, we didn't receive much. They were quick to get back in touch, but the company says that: "Tesla does not have an official stance at this point", and "No comment from us." It's understandable. Very few companies in the automotive business are accepting anything but U. S.....
Ether price has rallied 322% year-to-date and its $67 billion market cap now surpasses General Motors and CME Group. 2020 has been an impressive year for the Ethereum network and Ether (ETH) price. In November the Eth2 deposit contract quietly launched and before the end of the month the contract had reached capacity with 524,288 Ether locked. When Black Thursday occured on March 12, nearly every cryptocurrency had its price crushed and Ether was not spared from the carnage. After trading for as little as $86 on March 12, Ether price recovered to post a year-to-date gain of 322% and the....
The Texas Department of Banking (DOB) has announced that it will not treat Bitcoin and other cryptocurrencies as money in a memo, whose pdf document version, interestingly enough, is no longer available. Lately, Texas has been in the headlines quite often alongside mentions of Bitcoin, from the launch of one of the first Bitcoin ATMs in the US to the State’s Attorney General accepting Bitcoin contributions for his gubernatorial campaign. Indeed, the Lone Star state has been at the forefront of embracing the peer-to-peer digital currency as of late. This is why Daniel Wood, assistant....
In 2010 the first Bitcoin purchase was made for two pizzas from Papa Johns. By 2011, it was possible to purchase Alpaca socks, and in 2012 VPN access. Today, I preordered a Tesla Model 3 for 2.413612 BTC. When I first read about Tesla Motors, it was in regards to the release of the Tesla Roadster in 2007 on Slate. I remember reading the statistics of the vehicle thinking, how is it possible for an electric vehicle to possibly have a 0–60 time that rivals that of the latest model Ferrari. The reality of such acceleration for an electric vehicle seemed illogical at the time. I was left....