Far Out! Tesla’s Model S Is 1st Car Purchased with Bitcoin

The future is here, folks. An electric car was recently purchased in California using only Bitcoins, the ultramodern, digital-only currency that is quickly taking hold among businesses and consumers.

A Tesla Model S was sold for an undisclosed Bitcoin price by Lamborghini Newport Beach in Costa Mesa, Calif., reported the Christian Science Monitor. The electronic transaction marks the first time a Tesla — or any other car — has been purchased with Bitcoins, or encrypted, digital currency that was introduced in 2009. These decentralized funds rely on peer-to-peer computer networks to maintain transactions and regulate the creation and trading of Bitcoins.