Nasdaq-listed Mullen Automotive begins accepting Bitcoin and TRUMP meme coin as payments for its electric vehicles. It is now among the leading companies such as Ferrari and BMW to accept cryptocurrency as payment form on vehicle purchases.
Mullen Automotive Enables EVs Purchase with Crypto
Electric vehicle manufacturer to accept cryptocurrencies, including Bitcoin and the $TRUMP meme coin, for the purchase of both Mullen and Bollinger commercial electric vehicles. The company will also expand the list to include additional crypto, including popular meme coins and stablecoins.
“The increasing acceptance of cryptocurrency as a form of payment expands Mullen’s ability to deliver its product to a broader audience at the commercial and consumer levels,” said David Michery, CEO and chairman of Mullen Automotive.
Several US States are implementing policies and laws to accept Bitcoin payments. Recently, Assembly Bill 1180 (AB 1180) for accepting Bitcoin and digital currencies as payments was unanimously approved by the California State Assembly with a vote of 68-0.
Will Tesla Reinstate Bitcoin and Dogecoin Payments for EVs?
Tesla currently accepts Dogecoin as payments for merchandise in its online shop only. While Elon Musk initially announced accepting Dogecoin payments for Supercharging station and cars, it is yet to be implemented.
In fact, Tesla even accepted Bitcoin in 2021 but Musk suspended it citing environmental concerns related to Bitcoin mining’s energy consumption. Since then, people are awaiting Tesla to reinstate Dogecoin and Bitcoin as payments for Tesla electric vehicles. The odds remained high as Musk stated to accept crypto at some point in the future.
With the mainstream adoption of Bitcoin and other top cryptocurrencies, especially public companies adding Bitcoin to their corporate treasury, automobile manufacturers may pivot towards accepting crypto.
Also Read: Metaplanet Tops Elon Musk’s Tesla With 12345 BTC, Now 7th Largest Bitcoin Holder
