Mullen Now Accepts Bitcoin & TRUMP for EVs, Will Tesla Follow Suit?

Mullen Automotive Embraces Cryptocurrency Payments for Electric Vehicles

Mullen Automotive, a Nasdaq-listed electric vehicle manufacturer, has announced that it will now accept Bitcoin and the TRUMP meme coin as payment options for its electric vehicles. This positions Mullen alongside prestigious automakers like Ferrari and BMW in embracing cryptocurrency as a legitimate form of payment for vehicle purchases.

Expanding Payment Options to Reach a Wider Audience

The electric vehicle manufacturer will accept cryptocurrencies, including Bitcoin and the $TRUMP meme coin, for the purchase of both Mullen and Bollinger commercial electric vehicles. The company plans to further expand its list of accepted cryptocurrencies to include additional 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," stated David Michery, CEO and chairman of Mullen Automotive.

Growing Regulatory Acceptance of Bitcoin

Several US States are implementing policies and laws to accept Bitcoin payments. Recently, Assembly Bill 1180 (AB 1180), which promotes the acceptance of Bitcoin and digital currencies as payments, was unanimously approved by the California State Assembly with a vote of 68-0.

Will Tesla Re-enter the Crypto Payment Space?

Tesla currently accepts Dogecoin as payment for merchandise in its online shop. While Elon Musk initially announced the potential for Dogecoin payments at Supercharging stations and for car purchases, this has yet to be implemented.

Notably, Tesla briefly accepted Bitcoin in 2021 but suspended the option due to environmental concerns related to Bitcoin mining's energy consumption. Since then, speculation has been rife regarding the potential reinstatement of Dogecoin and Bitcoin as payment options for Tesla electric vehicles. The possibility remains open, as Musk has indicated a future openness to accepting crypto.

As Bitcoin and other leading cryptocurrencies gain mainstream adoption, particularly with public companies adding Bitcoin to their corporate treasuries, automobile manufacturers may increasingly consider accepting crypto as a viable payment method.

Also Read: Metaplanet Tops Elon Musk’s Tesla With 12345 BTC, Now 7th Largest Bitcoin Holder