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General Motors CEO: 'Nothing Precludes GM From Accepting Bitcoin if There's Consumer Demand'

Posted by Bill Rippel on June 17, 2021 - 1:51am

The CEO of General Motors (GM), America’s largest automaker, says that nothing precludes her company from accepting bitcoin if there is consumer demand for it. “Certainly, we want to make the whole buying and ownership experience as easy as possible,” said the GM chief executive.

GM Will Accept Bitcoin if There’s Demand, CEO Indicates

Mary Barra, the CEO of General Motors (NYSE: GM), talked about the prospect of the largest automaker in the U.S. accepting bitcoin in an interview with CNBC Wednesday.

Referencing Tesla CEO Elon Musk stating last week that his electric car company may start accepting BTC again, Barra was asked whether GM will be accepting the cryptocurrency for payments. She replied:

There’s nothing that precludes us from doing that. We will be driven by our customers. Certainly, we want to make the whole buying and ownership experience as easy as possible. We will follow their lead.

 

When Tesla announced in February that it would accept bitcoin for payments, the GM CEO said that her company was not interested in doing the same. However, in an earnings call at the end of March, Barra softened her stance on BTC and said the company would consider accepting the cryptocurrency “if there’s strong consumer demand.” She confirmed Wednesday that her company’s position on bitcoin has not changed.

Meanwhile, Musk said this week that Tesla will resume accepting bitcoin “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.”

Corneliu Boghian Very important information , thanks .
June 20, 2021 at 10:16am
Gerald Roberts The GM CEO obviously doesn't want to get left behind with the new crypto buying trend, however, I think she's very carefully weighing all options as any CEO should, protecting shareholders from losses at all times. Good article.
June 17, 2021 at 9:00pm
Simon Keighley Many companies are starting to offer the choice of paying with crypto - encouraging news for the crypto space - thanks for shaing, Bill.
June 17, 2021 at 7:54am