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Monero Community Asks Tesla To Add Payment In XMR

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Monero Community Asks Tesla To Add Payment In XMR

The Monero community has expressed a desire for Tesla Inc to add XMR as a means of payment for its vehicles. This offer is posted on the Tesla website. High hopes are pinned on the CEO of the automobile company Elon Musk in making a positive decision.

Monero CommunityThe initiative was announced on February 9th and has raised $ 155,000 (890 XMR) since then to help convince Tesla to add XMR with Bitcoins.

Tesla, owned by Elon Musk, recently acquired BTC for $ 1.5 billion and announced that it plans to accept payment for its electric vehicles in bitcoins (read here). Inspired by this event, the Monero community has suggested that XMR be considered as the next cryptocurrency candidate.

The community has set a 21-day period starting February 9, during which members will strive to grab the attention of the billionaire and Tesla CEO. The Monero community also promised to select three charities that will receive the new Tesla if the company and Elon Musk himself accept the offer.

What are the advantages of paying in Monero?

The Monero community proposal said that paying in XMR would attract Tesla fans and investors as they would benefit from the unique privacy coin features compared to public and traceable blockchains like Bitcoin or Ethereum. The proposal also said Tesla owners would be interested in making their luxury car purchases less public.

Don’t want the restaurant server to know your wallet balance when you pay? Why should your car purchase broadcast this information to the world through a transaction on the bitcoin blockchain? – the proposal says. Plus, the effect of appearing at a party in a brand new Tesla fades away if your friends already know when you bought the car because they could see the transaction on the blockchain.

The funds will be compensated to everyone who made donations if, within the specified period, a response from Tesla or Musk does not arrive. 11 users have supported the community efforts to date according to the Monero website

In early March, we will all find out how this interesting story will end.

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