Tesla Goes Progressive With Bitcoin ATMs In Factories, Report Says


Note: In a recent post on Twitter, CEO Elon Musk noted that he didn’t think the report on Bitcoin ATMs at Tesla factories was accurate.Tesla, as avant-garde as ever, now has Bitcoin ATMs at Fremont Factory and Gigafactory Nevada.

One of the Bitcoin ATMs was originally spotted by Twitter user Will Reeves. LibertyX, the company responsible for Bitcoin ATMs, contacted Finbold and confirmed Reeves’ sighting in an official statement.

“The Tesla sites have been online since August. The ATM is currently only accessible to employees, ”said LibertyX Finbold.

The Bitcoin ATM company also said it has not installed a new kiosk at Gigafactory Nevada. It simply added functionality for selling Bitcoin through software to the establishment’s three ATMs that were already installed.

A quick search of LibertyX’s website revealed that Tesla also has a Bitcoin ATM in the Fremont factory that employees can use.

Avid Tesla supporters know about Elon Musk’s intriguing relationship with cryptocurrencies and crypto scammers.

Last June, crypto crooks used Elon Musk and SpaceX to steal up to $ 150,000 from YouTube viewers. The crooks convinced viewers to send Bitcoin to multiple YouTube channels by hacking legitimate accounts and renaming them to match their purpose.

They used archived footage of Elon Musk to broadcast a live event and convince viewers that the channels were genuine. Other crooks went further and copied Elon Musk’s Twitter account, confusing his followers.

Although crypto crooks use his identity and the brands of his companies for their schemes, Elon Musk remains a supporter of cryptocurrencies and an influential figure in the crypto industry, according to Cointelegraph.

He notably applauded Bitcoin for its “shiny” structure. The installation of two Bitcoin ATMs in two Tesla Gigafactories suggests that Musk’s position on cryptocurrencies still holds.

Tesla CEO might not stop installing Bitcoin ATMs in just two gigafactories. LibertyX said it has more Bitcoin ATMs ready to go.

“LibertyX has partnered with the two largest ATM manufacturers (Genmega and Hyosung) to offer Bitcoin software preinstalled on traditional ATMs. Once operators activate the feature, consumers can start purchasing bitcoin with their debit card at ATMs nationwide. We already have 5,000 ATMs and plan to roll them out to more than 100,000 ATMs over the next few years, ”the company explained.

LibertyX has not said more of its Bitcoin ATMs will be installed at Tesla factories. However, this is a possibility, especially if Bitcoin ATMs in Nevada and Fremont are popular with employees.

If Bitcoin ATMs become successful, Elon Musk could also consider installing Dogecoin ATMs. After all, Musk was the CEO of Dogecoin for a short time, and the origins of the cryptocurrency meme fit perfectly with its trends online.


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