Tesla Model 3 pre-sales are booming, and a BitGo engineer ordered one with Bitcoin

Bitcoin has developed all the way to today, and many merchants have accepted Bitcoin payments. Now it is much easier to use Bitcoin to shop. From initially using Bitcoin to buy a $10 pizza to now being able to use Bitcoin to buy a brand new high-tech electric car.

Recently, Mason梅森·博尔达, a software engineer at BitGo, reserved a Tesla Model 3 using Bitcoin and paid for the car in full using Bitcoin.

Borda posted on his blog, "I just reserved a Tesla Model 3, paid in full with Bitcoin," and explained how he learned about the Tesla car and how he reserved this cool car from the electric car manufacturer.

Instead of sending Bitcoin directly to a wallet address or using the Bitcoin payment gateway on Tesla's website to reserve the car, Borda used Bitcoin to pay on the automaker's website, while also utilizing traditional fiat payment channels. To complete the payment, he used the Bitcoin credit card service ShakePay. Borda first used the ShakePay service to create a credit card that only supports Bitcoin payments and deposited $1,000 worth of Bitcoin into it to reserve the car. After paying the reservation, he paid the remaining $34,000 and can pick up the car next year.

Founded by tech entrepreneur and inventor Elon Musk, Tesla is a leading electric car manufacturer known for offering high-performance sedans in the electric car market. Just as Bitcoin has shed its image as just a currency in a game, Tesla has also broken the commonly held perception that this generation of electric cars cannot achieve high performance.

The Tesla Model 3 is equipped with a highly efficient power pack with a battery capacity of 80 kilowatts per hour, which gives the car a range of more than 300 miles (about 482.7 kilometers). The Model 3 will be able to accelerate to 60 miles per hour (about 96 kilometers per hour) in 4 seconds. The car is currently on pre-sale on Tesla's official website. It is understood that the deposit for Model 3 in mainland China is 8,000 yuan, and each owner is limited to ordering 2 units at a time.

Bitcoin debit or credit cards, also known as crypto cards, make it easier for people to spend Bitcoin at any POS machine. These crypto cards are connected to the user's Bitcoin wallet and run on Visa or MasterCard terminals, just like a regular debit card. Payments made using crypto cards are deducted from the user's Bitcoin balance, and the merchant receives the payment in fiat currency.

Perhaps in the near future, Bitcoin technology will be applied to self-driving cars, using a shared system to maintain a record of the car's location and movement, and Bitcoin can be used to pay tolls, traffic fines, repair fees, etc.

Original article: http://www.newsbtc.com/2016/04/03/mason-borda-tesla-bitcoin/
Author: Gautham
Compiled by: printemps
Source (translation): Babbitt Information (http://www.8btc.com/mason-borda-tesla-bitcoin)