LibertyX Confirms Bitcoin ATMs at Tesla Gigafactory's; Elon Musk Questions the ‘Accuracy’

It now appears there is actually a Bitcoin ATM at the Tesla Gigafactory based in Nevada; this is despite Tesla founder Elon Musk downplaying the existence of one, following a tweet by Fold CEO Will Reeves, who claimed to have sighted the ATM over the weekend. The tweet also featured google map images, which reveal that the ATM sits close to the mega facility's North-East section.

Finbold, which also reported on this news yesterday, seems to have gotten some insights on who might have installed the Bitcoin ATM. According to its Sunday report, speculations were that Bitcoin ATM maker, LibertyX, is the company behind these developments at Tesla. In a follow-up of the same, Finbold has since received a confirmation from the LibertyX team that they are responsible for the upgrade.

LibertyX was keen to highlight that it did not install new machines but upgraded the software of three ATMs in the factory to integrate a Bitcoin selling feature. The firm, which already has 5,000 live ATMs, plans to scale this to over 100,000 in the near future; its ATM manufacturing partners are Hyosung and Genmega. LibertyX also confirmed that the Bitcoin ATMs at Tesla has been live since August and can only be accessed by employees,

“The Tesla locations have been live since August. The ATM is currently only accessible for employees.”

While the Tesla founder is not much of a Bitcoin bull-like Twitter and Square CEO Jack Dorsey, he has previously sighted that he owns .25 BTC sent to him by a friend back in the day. In fact, LibertyX is hopeful that Musk will increase his BTC portfolio size with newly integrated Bitcoin ATMs at Tesla’s Gigafactory,

“Elon, 0.25 BTC isn't enough, and now that you can buy bitcoin from the 3 on-site Gigafactory ATMs, you don't even need to leave home.”

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Edwin Munyui
Edwin Munyui
Edwin is a FinTech enthusiast with a particular interest in blockchain technology and cryptocurrencies. He has worked as an author in the blockchain space since 2017 and enjoys creating content that both crypto veterans and newbies can understand. His simple writing style and financial market knowledge have made him a reputable fundamental and technical analyst with the ability to handle any topic around blockchain and crypto over the years.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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