The company itself is still hesitant about such a development, but it is important that it does not respond negatively but examines it, whether it is in the interests of itself and its customers.
Elon Musk and Tesla may have made the start, but the move to accept cryptocurrencies to sell physical goods, such as cars, is as assured as playing all your money in the casino! Objectively, since there is no fixed exchange rate with conventional currencies, there is no guarantee.
And for Elon Musk with the corresponding bubble of his own stock, he doesn’t mind gamble a little more. But for an automaker like General Motors, the risk could be considered insignificant.
At a press conference some time ago Mary Barra, GM’s CEO, said that “We have no plans to invest in bitcoin and that is clear now. But this is something that we will monitor and evaluate. If there is any strong customer demand for this in the future, there is nothing to prevent us from accepting it.“
This is perhaps an artful move for the company to avoid an answer that shareholders and markets might not like.
How easily Tesla ”mimickers” will find themselves paying $1.5 billion to get into the digital “game,” remains to be proven.
The article General Motors Would Consider Accepting Bitcoins In The Future was first published on Satoshisbrain.com