Elon Musk’s The Boring Company is beginning to accept dogecoin for rides on the Las Vegas transit Loop. Musk has shared some words about the Boring Company. The Boring Company’s goal ‘is to solve traffic, which plagues every major city on Earth.”
The company has come up with a project that is essentially “Tesla’s in Tunnels” but is known as Loop. Loop is “an express public transportation system that resembles an underground highway more than a subway system.” The system is fully electric with no emissions.
Musk was always a supporter of dogecoin, and he continues to be. After the announcement of the Las Vegas Loops’ acceptance of Dogecoin, Musk tweeted in response to a relevant post. “Supporting Doge whenever possible.”
On June 30, the Boring Company opened the Resorts World Las Vegas passenger station, the first of 55 scheduled stops along the Las Vegas Strip.
Last year, Clarke County, Nevada, approved the company’s plan to expand. The Resorts World Las Vegas station is the first outside the Las Vegas Convention Center (LVCC), which currently has three stops.
The Fee
As of right now, riding on the Loop is free of charge. According to CNN, the company has plans to start charging a fee. The company’s page has been edited so that dogecoin and traditional payment methods can be used to purchase rides. A single ride will cost $1.50, and a day pass will cost $2.50. The date that fees will be charged has not been announced yet, and therefore the prices can also be due to change.
Musk has always been a supporter of dogecoin, believing that the meme cryptocurrency dogecoin has potential. In contrast, he believes bitcoin is more of a store of value.
In addition to Elon Musk’s The Boring Company, Tesla already accepts dogecoin for specific products. Furthermore, Musk announced in May that SpaceX would fall in line, and future Starlink subscriptions may accept the meme coin. He also hinted that if his takeover bid for the social media platform is successful, Twitter will accept cryptocurrency payments.
For more news updates, visit our homepage now and see our latest news article. Want to learn more about trading? Visit our education page now and learn for FREE!
Dogecoin Leads as Crypto Declines(Opens in a new browser tab)
Elon Musk calls out CEO of Binance(Opens in a new browser tab)