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General Motors May Start Accepting Bitcoin If There's Customer Demand, Says CEO Mary Barra

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Wed, 06/16/2021 - 13:55
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Alex Dovbnya
General Motors doesn't rule out adding Bitcoin payments, according to CEO Mary Barra
General Motors May Start Accepting Bitcoin If There's Customer Demand, Says CEO Mary Barra
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General Motors CEO Mary Barra told CNBC Wednesday that "nothing precludes" her company from accepting Bitcoin payments: 

There's nothing that precludes us from doing that. We'll be driven by our customers.     

Barra claims that GM strives to make its customers' buying and ownership experience "as easy as possible."

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Back in February, she said that her company would "continue evaluating" Bitcoin following Tesla's $1.5 billion bet on the largest cryptocurrency.   

Tesla suspended Bitcoin payments in May due to the cryptocurrency's CO2 footprint, triggering a massive crash. Earlier this month, CEO Elon Musk tweeted that a greener Bitcoin would allow the leading electric vehicle maker to resume them.     

Given that GM has plans to shift to a 100 percent EV lineup by 2035, Tesla giving Bitcoin another try would likely entice GM to follow its lead.           

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.