THORChain will be unveiling the first-ever Tesla Cybertruck purchased with cryptocurrency at Bitcoin 2024 in Nashville. This groundbreaking acquisition, finalized using Bitcoin, underscores the increasing integration of digital currencies into mainstream commerce. The Bitcoin’d Tesla Cybertruck designed specifically for Bitcoin 2024 will make its official debut at the Pizza Angels event this Saturday.
This announcement comes in the wake of Ferrari’s decision to extend its cryptocurrency payment options to Europe, following a successful rollout in the United States.
Unlike Ferrari’s dealer-enabled crypto transactions, the Cybertruck purchase is notable for being a person-to-person sale conducted in Austin, Texas. With Tesla’s approval, the transaction circumvented any potential legal issues related to the company’s no-resale clause.
The Cybertruck was bought by the team at THORChain, a decentralized network that enables users to swap cryptocurrencies across different blockchains without relying on centralized intermediaries. This peer-to-peer transaction reflects THORChain’s mission to facilitate direct, trust-minimized exchanges, eliminating the need for traditional financial intermediaries.
JP Thor, founder of THORChain, commented: “This month marks five years since we launched THORChain in July 2019. We now natively support eight different blockchains without the need for bridges or wrapped tokens. Our new Swap Kit Developer API means that Layer 1 cross-chain native asset swap capabilities can be integrated directly into self-custody wallets and also allows Bitcoin holders to earn yield from deposits.”
During Bitcoin 2024, THORChain will feature various interactive Cybertruck activations, culminating in a free pizza party co-hosted with PizzaDAO, celebrating the essence of the Bitcoin community.
THORChain’s decentralized, permissionless network facilitates cross-chain native asset swaps directly from self-custodial wallets, removing the need for centralized exchanges and third-party KYC processes. By minimizing friction, risk, and costs, it empowers users to retain full control over their assets. Currently, THORChain supports Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, Bitcoin Cash, and Litecoin, all secured by its native token, RUNE. The value of RUNE increases as more assets are deposited into the network.
The THORChain ecosystem continues to expand, with numerous apps, wallets, tools, and resources being developed by a global community of contributors.
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