Tesla buys $1.5B in Bitcoin, may accept it as payment in the future

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by cassianoleal on Monday February 08, 2021 @10:26AM (#26065755)

I don't know where you are but in a lot of places to use Western Union you have to physically go to one of their stores.

With BTC I can buy them via the internet, and the person on the other side can also convert to cash in their own account via the internet, then withdraw on any ATM.

It's worlds apart.

Edit: I guess if you only consider the parent's use-case where the other person went to a Bitcoin ATM it's not that different but my point stands as it's only 1 other layer in the process and it's an online one.

[ Parent | on HN ]

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by macspoofing on Monday February 08, 2021 @10:35AM (#26065881)

For now. Cryptocurrency is still in the 'honeymoon' phase where it hasn't been fully targeted by governments and regulatory bodies. That will change soon enough. You can't skirt AML regulations forever.

[ Parent | on HN ]

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by cassianoleal on Monday February 08, 2021 @10:48AM (#26066063)

That's a fair thing to worry about with cryptos in general but it has nothing to do with either my comment or its parent.

[ Parent | on HN ]

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by macspoofing on Monday February 08, 2021 @12:49PM (#26067731)

Yes it does. Any simplicity with moving money that BTC gives you is solely due to the fact that it doesn't follow AML regulations. That will end.

[ Parent | on HN ]