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- Hearing about Tesla’s recent venture to include BTC in its payments triggered Monero with ideas
- Monero proposed Tesla to include them along with BTC to keep a prime privacy in their transactions
- The funds that Monero raises, will be used to buy 3 Tesla models and donate them to charities
Monero is considering itself being accepted along with the most transparent crypto’s like BTC and ETH. This is because the information in case of Monero is completely secured and its users receive complete privacy. BTC and ETH transactions are looked into by government and other authorities
In a recent announcement Tesla mentioned that payments via Bitcoin might be considered for the purchasing of its cars, sometime in the future. Monero has proposed a request for it to be added along with BTC for Tesla’s exchanges in the future. Elon Musk was requested to consider the usage of Monero for accepting payments for Tesla’s 3 new car models.
Monero’s credibility and thoughts about its users
Providing certain basic protections to its users, Monero stands as one of the unique crypto in the market. Volunteers from a complete grassroot community developed the total decentralized Monero project. Monero has received over 650 individuals’ contributions till date.
Monero, just like BTC does not have any sort of dev taxes, venture cap, premine, etc. It proves to be a completely open source project. Its prime duty is to work in securing the privacy of its users.
With Tesla introducing BTC in its payments, Monero came up with an idea
With the very announcement of Tesla including Bitcoin in its payment options, the members of Monero proposed the idea of keeping Monero along with BTC in Tesla’s transactions. This would keep a check on the privacy of the owners and also prevent the revelation of purchasing and other information that the owners do not want to disclose. If Tesla happens to accept this proposal then it would help the community of Monero to raise the funds that would help in the further development of Monero.
Monero has a plan to purchase three models of Tesla with the funds that they would gather and then donate it to three charities that are worthy of the donation. The motive seems quite down to earth for such a huge company. As Monero is a very well known and trusted name in the company, if Tesla is added, it would just raise the bar in the community.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
