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Elon Musk says Tesla will no longer accept bitcoin due to fossil fuel use

Digital currency, which is made with an energy-intensive process, falls 17% after the tweet

Tesla has suspended customers’ use of bitcoin to purchase its vehicles, Elon Musk said on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining.

Related: Dogecoin’s record-breaking rise shoots ‘joke’ cryptocurrency to wider attention

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Originally posted in the guardian.