GM will accept Bitcoin if there is demand

General Motors Car

The CEO of America’s largest automaker, General Motors, has said that nothing precludes her company from accepting Bitcoin if there is consumer demand for the cryptocurrency.

Mary Barra, talked about these prospects in an interview with CNBC on Wednesday.

Referencing Tesla CEO Elon Musk stating last week that his company may start accepting the digital currency again, she was asked whether GM will be accepting the cryptocurrency for payment, and her reply could not be clearer.

“There’s nothing that precludes us from doing that. We will be driven by our customers. Certainly, we want to make the whole buying and ownership experience as easy as possible. We will follow their lead.”

So, that’s that.

Of course, some of you may remember that when Tesla announced in February that it would accept Bitcoin for payments, the GM CEO said that her company was not interested in doing the same.

However, she changed her mind shortly in an earnings call at the end of May, softening her stance and saying that the company would consider accepting the cryptocurrency if there is strong consumer demand. This latest confirmation shows that the company’s position on BTC has not changed.

What has changed, though, is the thought process of Elon Musk.

After drawing attention to the environmental impact of Bitcoin mining, he recently confirmed that Tesla will resume accepting Bitcoin only when there is a confirmation of reasonable clean energy usage by miners with positive future trend.

At least 50%.

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