I am very surprised to see such statement is coming from Mary. The risk appetite of GM is not good. They are always scared about exploring new markets and don't have the capability to stay in a market for a long time if challenges are thrown to them. They always try to avoid risks. So such statement about accepting bitcoin is either a gimmick or her personal preference. I will be shocked if GM actually starts accepting bitcoin as one of their payment methods.

At least they are open to accept btc whenever there is a demand for it, i think this is an opening for further opportunities, unlike other companies that will automatically reject accepting btc without given it a thought, am sure sooner there will be customer demand to buy with btc, since the news is already out and many btc lovers are aware of this fact, it won't be long before they will start getting offer, more good news for btc.

That should also be the stand of other motors company if a customer is demanding to pay them in bitcoin. They can easily convert it and it's very liquid. It just so happen that Elon talked a lot of it badly and that's why many have been discouraged to discuss it anymore.
As long as the company has someone who understands how to accept and convert it eventually to cash if they want to then that's an easy task for them to accept payments in bitcoin but, they can also hold it and just do what others did, hold it as an investment of their company.

If there is demand!

Now reading the topic about Tesla accepting bitcoin back a few months ago and with the overwhelming attitude that it makes no sense to spend your precious coins buy a car with BTC, how many people do you think will actually purchase a car with BTC?
Of course, anyone can demand for a payment option in BTC, but how many are actually considering on using it?


I pretty much envision how this will go, GM will be bombarded with millions of tweets about accepting bitcoin, it will implement it, and then in one year they are going to see at best 10 sales in BTC and they will decide to close it down as there is no actual demand.

Is anyone planning on buying a car with their coins or keep them till they hit at least 100k?  

Tweet a " Should General Motors accept _____" poll like Elon? Just change the Doge to BTC hehe.

The statement itself is playing safe with that IF. There's still a way to avoid risk if they start accepting BTC as customer demands by partnering with third party payment service providers like Bitpay but they probably won't do that either.

If there's customer demand? Bitcoin holders there can't even demand to pay for pizza with Bitcoin. Everyone trying to stack their sats and refusing to use it. Why would they splash out more than 1btc on a car?

Come to think of it, how many Teslas were bought with Bitcoin when they supposedly accepted it?

May be no one bought Tesla car with bitcoin. Bitcoin traders and investors don't have to buy a car with valuable cryptocurrencies . They are interested to hold bitcoin for longer periods.

This is quite big news but imagine how much mainstream exposure bitcoin will get if GM begin accepting bitcoin.
Every time a big corp integrates bitcoin into their payment systems it’s one step closer to true global, mainstream adoption.

I think it is something good, and worth to do. I mean if want to make bitcoin as payment, maybe for something big like car or house, fees wouldn't be a problem. But if for maybe common thing, i just think if bitcoin is used as payment and fees still high, how we pay a thing with maybe under $10 with bitcoin, sometimes fee is higher.