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Bitcoin jumps after Musk says crypto will be accepted as payment for Tesla cars

“Tesla is using only internal & open source software & operates Bitcoin nodes directly,” Musk wrote late Tuesday on Twitter, adding that “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

In a follow-up tweet, the businessman announced: “You can now buy a Tesla with Bitcoin.” People outside the US will be able to buy a Tesla car with bitcoin “later this year,” he said, without specifying which countries.

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READ MORE: Bitcoin shoots past $47,000 as Tesla announces plan to start accepting cryptocurrency

Musk’s tweets have been causing huge movements in the crypto market lately, while his company Tesla’s $1.5 billion bitcoin bet sent the digital currency soaring to record highs last month. The automaker announced the cryptocurrency purchase, saying that it would soon start accepting it as a form of payment for its cars.

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