Internet Currency Bitcoin Used to Purchase Tesla Model S EV

Bitcoin is, as its creators say, an open source peer-to-peer and payment solution that uses encryption to make transactions safe and (most importantly) decentralized. You can call it a virtual bubble currency.

It’s been around since 2009, but apparently now is the first time it’s been used to purchase an electric vehicle, and namely a Tesla Model S sedan, acquired from Lamborghini Newport Beach from Costa Mesa, CA, whose representatives were “excited” that this fully-digital transaction had taken place.

Read more »