Elon Musk, the CEO of Tesla, launched The Boring Company, which will now accept Dogecoin for use on its Loop transportation system in Las Vegas.
Elon Musk, the company’s creator, originally envisioned high-occupancy vehicles traveling at 150 mph, but Loop consists of customers riding in Tesla cars that people operate at roughly 35 mph. The Boring Company has provided descriptions of future automated driving and faster travel.
Key Highlights:
- In the Loop program around Las Vegas, The Boring Company unveiled Dogecoin (DOGE) as a payment option for Tesla vehicles.
- Previously, Musk added DOGE to the SpaceX Store.
- DOGE is the only cryptocurrency accepted at the Tesla supercharging station.
The Boring Company unveiled its first Loop station outside the Las Vegas Convention Center on Friday, adding to its existing three stations. This is when the new payment option first became public. Additionally, it’s the most recent instance of Musk endorsing Dogecoin, a cryptocurrency whose value has dropped significantly over the past year.
The Tesla CEO tweeted, “Supporting Doge wherever possible,” in response to an article regarding The Boring Company’s intention to accept dogecoin payments for trips on its Vegas Loop, indicating that the information was accurate.
Two of Musk’s other businesses, Tesla and SpaceX, are familiar to DOGE. While SpaceX intends to launch a DOGE-funded satellite mission later this year, the electric car manufacturer now takes Dogecoin as payment for merchandise on its webshop. Musk has always been a fervent advocate for Dogecoin and has stated that he will keep purchasing DOGE coins in the future.
