Elon Musk Plays Down Sighting of Bitcoin ATM in Tesla Gigafactory

Tesla_Gigafactory_1_-_December_2019
12 October 2020

Elon Musk has thrown doubt on a claimed sighting of a bitcoin ATM at the Tesla Gigafactory in Nevada.

  • The ATM was first claimed to have been sighted by Twitter user Will Reeves, who posted on Sunday he had "just passed by and saw @elonmusk has a bitcoin ATM at the Gigafactory."
  • The tweet was accompanied by a Google maps image revealing the location of the ATM on the northern side of the massive factory complex.
  • According to a Sunday report by Finbold, the ATM was installed by LibertyX in August of this year solely for the use by employees of the factory.
  • However, Tesla founder and CEO Elon Musk said he didn't believe the claim was "accurate" in a tweet on Monday. The post to which Musk replied has since been deleted, presumably in response to his tweet.
  • CoinDesk reached out to Tesla for confirmation but had not received a reply by press time.
  • However, Reeves' sighting was apparently confirmed to CoinDesk by bitcoin ATM operator LibertyX in a direct message, which said: "We have enabled [three] traditional ATMs inside so employees can use their debit cards and buy bitcoin."
  • LibertyX now claims to have over 5,000 crypto ATMs in operation across the U.S., as well as a bitcoin buying service in around 20,000 stores.

See also: Bitcoin ATM Growth May Be a Boon for Money Launderers

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