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General Motors (GM) could start accepting Bitcoin soon



The CEO of General Motors (GM) has not ruled out that the company can accept Bitcoin as a means of payment.

In fact, Mary Barra, during an interview on CNBC's Squawk on the Street program, with special reference to electric vehicles, responded in this way to a question about the possible acceptance of bitcoin as a means of payment, similar to Tesla:

“There is nothing to stop us from doing that. Our clients will guide us. We certainly want the entire buying and owning experience to be as easy as possible. We will follow their example ”.

Therefore, in accordance with these statements, the company would be willing to accept BTC as payment if said request came directly from the market, that is, from an important part of its customers.

Bitcoin: GM vs Tesla

On the other hand, Tesla, the company run by Elon Musk, announced in February that it would soon begin accepting payments in bitcoin, and in March it began accepting them.

However, in May it suspended them, due to the fact that it had decided out of nowhere that it did not consider Bitcoin as an environmentally sustainable payment system. Finally, in June Elon Musk declared that the company is willing to reactivate them if it can be shown that at least 50% of the energy consumed by bitcoin mining comes from renewable sources.

This turn of events, however, has led many to assume that Tesla's BTC payments have not been very successful, as the company has given them up very quickly and easily, making excuses based on information that was already widely known. long before deciding to invest in bitcoin.

Therefore, since GM's decision depends on the demands of its customers, it is also possible to assume that these could be too few to justify such an initiative.

Surely GMN doesn't have the same bitcoin power consumption concerns as Tesla, because the narrative around the two brands is historically very different.


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