Bitcoin Rejected As A Payment Medium By These Giants Citing Environmental Hazard

Last updated: June 9, 2025, 22:37

Bitcoin Rejected As A Payment Medium By These Giants Citing Environmental Hazard

In his Twitter post

In his Twitter post, Musk explained the move was environmentally focused, citing worries over the “rapidly increasing use of fossil fuels for Bitcoin mining transactions

Bye, Bye Bitcoin. The world's largest cryptocurrency did see impeccable success. The adoption rate of the king coin soared.

The energy consumption of Bitcoin should be paid attention to as it produces an ethical dilemma: it is not equitable for Bitcoin miners to exploit a public good for private gain

China has banned bitcoin mining

Why Elon Musk is worried about bitcoin's environmental impact

China has banned bitcoin mining entirely and billionaire Elon Musk won’t take the token as payment for his Tesla cars until miners switch to at least 50 per cent

Electric carmaker Tesla will no longer allow customers to pay for cars with bitcoin, CEO Elon Musk announced Wednesday, citing the vast amounts of electricity needed

Bitcoin mining emitted over

Bitcoin mining emitted over 85.89 Mt of CO2 during the 2025–2025 period. The greenhouse gas emissions of Bitcoin mining alone could be sufficient to push global

Tesla Stops Accepting Bitcoin Payments For Its Car Citing

The Sustainability of Bitcoin and its Impact on the Environment

UN Study Reveals the Hidden Environmental Impacts of Bitcoin:

Bitcoin rejected as a payment medium by these giants citing

Tesla Will Stop Accepting Bitcoin As Payment Due To

Elon Musk said Tesla has

Elon Musk said Tesla has halted purchases of vehicles with bitcoin due to concerns over the rapidly increasing use of fossil fuels for bitcoin mining. The cryptocurrency

Bitcoin Tanks as Tesla Suspends Bitcoin Payments Citing

Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. “We are concerned about rapid

Tesla

Tesla to stop accepting Bitcoin for car payments

Tesla’s decision to stop accepting Bitcoin payments due to environmental concerns serves as a pivotal moment in the ongoing conversation surrounding cryptocurrency’s role in society. As

Why Bitcoin’s environmental problems are so hard to fix