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Bitcoin share rose 5% after Elon Musk tweeted that Tesla cars will now accept the cryptocurrency as payments

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Bitcoin rose 5% after Elon Musk said a Tesla car can now be purchased using the world’s most popular cryptocurrency.

The “Technoking” said in a tweet  early Wednesday the EV-maker has added bitcoin as a payment option. The choice is currently available to customers in the US, but will be made available elsewhere later this year, Musk said.

“Tesla is using only internal & open source software & operates Bitcoin nodes directly,” he said. “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

Nodes are computers that validate bitcoin transactions.

text© @elonmusk/Twitter

Musk published his tweet soon after Twitter users noticed the updated bitcoin support for all models of Tesla’s cars across online US stores. “Elon,” “Tesla,” and “#Bitcoin,” quickly became trending hashtags on the social media platform.

The price of bitcoin rose 4.7% to $56,360 around 4:20 a.m. ET. It is up 90% year-to-date and more than 800% in the last 12 months.

© Tesla

The bitcoin payment details on Tesla’s website were directed to a web wallet address on BTC.com, according to The Block.

The carmaker disclosed last month it invested $1.5 billion in the digital asset and said it would soon begin accepting it as payment for its products. Tesla reportedly used crypto exchange Coinbase to make its purchase.

Tesla shares rose about 2% in pre-market trading on Wednesday.

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Smartphone manufacturer Realme reduce price rates of its mobile phones:View reduced rates

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Realme 8 has got a Rs. 500 discount in India on purchases through Flipkart, the company has announced. It will now be available at a starting price of Rs. 14,499 instead of its original price of Rs. 14,999. The phone was launched in March this year alongside the Realme 8 Pro. It comes with a triple rear camera setup and a hole-punch cut out for the selfie camera. Realme 8 is powered by the MediaTek Helio G95 SoC and comes with a 5,000mAh battery. The Realme 8 with discounted price is listed on the Realme India site as well.

Realme 8 price cut in India

Realme has announced through a press release that the Realme 8 now starts at Rs. 14,499 for the 4GB RAM + 128GB variant, a Rs. 500 discount from its launch price. The 6GB + 128GB model can be purchased for Rs. 15,499 instead of Rs. 15,999 and the 8GB + 128GB model can be purchased for Rs. 16,499 instead of Rs. 16,999. Realme 8 is offered in Cyber Black and Cyber Silver colours, and the new pricing has been updated on Flipkart and Realme India website. It should be noted that as per the Realme India website, the discount is valid till May 14 only. We’ve reached out for clarity.

Shipping for the phone will depend on the region the phone is being shipped, based on the latest government guidelines with regards to the COVID-19 pandemic.

The dual-SIM (Nano) Realme 8 runs Android 11–based Realme UI 2.0. It features a 6.4-inch full-HD+ (1,080×2,400 pixels) Super AMOLED display with 90.8 percent screen to body ratio, 1,000 nits peak brightness, and a 180Hz touch sampling rate. It is powered by the octa-core MediaTek Helio G95 SoC and Mali-G76 MC4 GPU. The phone comes with up to 8GB LPDDR4x RAM and up to 128GB of UFS 2.1 storage that is expandable via a dedicated microSD card slot.

In terms of optics, the Realme 8 comes with a 64-megapixel primary sensor with an f/1.79 lens, an 8-megapixel sensor with an ultra-wide-angle f/2.25 lens and 119-degree field-of-view (FoV), a 2-megapixel macro shooter with f/2.4 aperture, and a 2-megapixel black and white sensor with an f/2.4 aperture. On the front, there is a 16-megapixel Sony IMX471 sensor with an f/2.45 aperture lens housed in a hole-punch cutout.

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