Elon Musk’s The Boring Company will accept the meme cryptocurrency Dogecoin as payment for rides on its Las Vegas transit system loop. Musk confirmed that he is “supporting Doge whenever possible.” Tesla already accepts meme crypto for some merchandise and SpaceX will soon follow suit.
Elon Musk’s Boring Company Will Accept Dogecoin Payments
CNN reported on Wednesday that The Boring Company, founded by Tesla CEO Elon Musk, will accept the meme cryptocurrency Dogecoin for a ride on the loop, its Las Vegas transit system, CNN reported on Wednesday.
Musk previously said that The Boring Company’s goal is to “solve the traffic that plagues every major city on Earth.” One of the company’s projects is the Loop, also known as “Teslas in the Tunnels.” The Loop is “an express public transportation system that resembles an underground highway more than a subway system,” its website details, adding that the system is full-electric with zero emissions.
Tesla CEO hints that news of The Boring Company’s plan to accept Dogecoin payments for rides on the Vegas Loop is true Tweet“Supporting Doge whenever possible,” in response to a post about it.
The Boring Company opened the Resorts World Las Vegas passenger station on June 30, the first of more than 55 stops planned for the Las Vegas Strip. Clark County, Nevada approved the company’s expansion plan last year. The Resorts World Las Vegas stop is the first loop station outside the Las Vegas Convention Center (LVCC), which already has three stops.
According to CNN, rides on the Loop are currently free but the company plans to charge a fee in the future. The Boring Company’s Las Vegas Loop ticket page reveals that tickets can be purchased with traditional payment options as well as Dogecoin, and a ride will cost $1.50 while a day pass will cost $2.50. However, the company has not announced when the fee will be charged and the final cost may be different.
Musk has long been a supporter of Dogecoin, believing that the meme crypto has potential as a currency. On the contrary, he said that bitcoin is more than a store of value. The Tesla boss has previously revealed that he personally owns Dogecoin.
His electric car company, Tesla, already accepts DOGE for some merchandise. In addition, Musk announced in May that SpaceX would follow suit and that Starlink subscriptions could also accept Meme Coin in the future. He also indicated that Twitter will integrate crypto payments if their takeover bid for the social media platform is successful.
In June, a $258 billion lawsuit was filed against Musk, Tesla and SpaceX, alleging they “engaged in a crypto pyramid scheme (aka Ponzi scheme) through the Dogecoin cryptocurrency.” Nonetheless, the Tesla CEO reiterated his intention to buy and support DOGE.
What do you think about Elon Musk’s The Boring Company accepting Dogecoin along for the ride? Let us know in the comments section below.
image credit: Shutterstock, Pixabay, WikiCommons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.