Tesla may resume accepting cryptocurrency. Who else is following her example?

Electric car manufacturer Tesla, billionaire Elon Musk, announced its plans for the foreseeable future.resume accepting cryptocurrency as a means of payment, because it considers these assets very promising from an investment point of view and considers them as an alternative to regular money.

The news sparked great enthusiasm amongcrypto investors, because Tesla is not the only company with an active interest in cryptocurrencies. Who else is interested in digital currencies and how does this affect the cryptocurrency market?

Returned trust

Since March 2021, Tesla has already acceptedBitcoin as payment for the electric cars it produced. At the same time, the company purchased this digital currency for almost $1.5 billion, which pushed the Bitcoin rate up by 10%. 

Source: twitter.com

However, Tesla subsequently announced a temporarystopping accepting bitcoins. This happened after Musk criticized the cryptocurrency for an unsustainable way of mining it. However, he promised to resume accepting Bitcoin immediately after miners switch to less environmentally harmful mining methods.

Source: twitter.com

Now in Tesla's quarterly report,sent to the US Securities and Exchange Commission (SEC) states that the company believes in the long-term potential of cryptocurrency. This was perceived by investors as a signal that Tesla will soon start accepting bitcoins as payment again, and has a positive effect on the dynamics of the bitcoin rate.

Bitcoin exchange rate dynamics in October

Source: app.stormgain.com

Not only Tesla

Recently, several largecompanies have come out in support of digital currencies. So, for example, the Mastercard payment system is going to add support for cryptocurrency payments in the near future. To do this, she began to cooperate with the digital platform Bakkt. And earlier, in September, the payment system bought the analytical crypto service CipherTrace, which allows you to track suspicious activity on the blockchain network.

I have also recently started to cooperate with Bakkt andGoogle. Now users of the crypto platform will be able to integrate electronic cards into the Google Pay payment system and pay for goods and services in cryptocurrency. In addition, Verifone terminals in the United States will soon be able to accept cryptocurrencies as part of a partnership agreement with the BitPay cryptosystem.

Interest in cryptocurrency from market giants,leads to an increase in the popularity of cryptocurrencies among investors and, in turn, has a positive effect on their value. Against this backdrop, Bitcoin may return to storming new highs, despite the fact that it has moved down from its historic record of $ 67,000.

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