FFCON21 Breaking Barriers May 11-13, 2021

TESLA Coin Now Appears on CoinMarketCap. Is Elon Revving the Engine Up?

Nilsen Report | Mad Tek | Feb 9, 2021

Coinmarketcap lists TESLA coin - TESLA Coin Now Appears on CoinMarketCap.  Is Elon Revving the Engine Up?

CoinMarket has added a ticker of Model3 (Tesla) at the forefront of their list.  Users can find everything they need of Tesla Model 3 here after the news Tesla Inc expects to allow customers to pay for its electric vehicles with bitcoin soon, the automaker said on Monday, a move that could expand how the most popular cryptocurrency is used for real-world transactions.

Tesla is ranked as the world’s best-selling plug-in and battery electric passenger car manufacturer, with a market share of 16% of the plug-in segment and 23% of the battery electric segment 2020 sales.

See:  Tesla buys $1.5 billion of Bitcoin, Expects to Start Accepting BTC as Payment for Its Products Soon

The Model 3 is the world’s all-time best-selling plug-in electric car, and The Model Y shares an estimated 75% of its parts with the Tesla Model 3. These two models accounted for the grand majority of Tesla global vehicle sales in 2020, which were estimated at 499,550 units.

Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for both corporates and money managers.

Although bitcoin has become more of a household name in recent years, it is still mostly used as an investment product rather than a form of payment.

The company made the disclosures in a section of its quarterly securities filing that also detailed its purchase of $1.5 billion worth of bitcoin. If customers buy Teslas with bitcoin, the company may or may not liquidate those payments right away – which some experts read as an indication that Tesla might hold on to at least some of the coins and not sell them automatically.

Tesla isn’t accepting it as of now, and it seems like the editors at coinmarketcap are just having fun at the moment.

Continue to the full article --> here

 


NCFA Jan 2018 resize - TESLA Coin Now Appears on CoinMarketCap.  Is Elon Revving the Engine Up? The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - TESLA Coin Now Appears on CoinMarketCap.  Is Elon Revving the Engine Up?FF Logo 400 v3 - TESLA Coin Now Appears on CoinMarketCap.  Is Elon Revving the Engine Up?community social impact - TESLA Coin Now Appears on CoinMarketCap.  Is Elon Revving the Engine Up?

GET DRAFTED AT #FFCON IN 2021!


Some past Fintech Draft pitchers - TESLA Coin Now Appears on CoinMarketCap.  Is Elon Revving the Engine Up?

FFCON21 image Your Voice Counts 3 - TESLA Coin Now Appears on CoinMarketCap.  Is Elon Revving the Engine Up?

Sign-up for NCFAs weekly newsletter and never miss a beat:


NCFA Newsletter subscribe600 - TESLA Coin Now Appears on CoinMarketCap.  Is Elon Revving the Engine Up?

Support NCFA by Following us on Twitter!