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Altcoin News

Elon Musk’s Boring Company Brings Dogecoin to Las Vegas Loop

The Tesla CEO confirms that he is "supporting Doge whenever possible," and we can see this with the "Teslas in Tunnels".

Written By Renuka Tahelyani
Published 2022-07-07
Make The Crypto Times preferred on GoogleGoogle
Elon Musk’s Boring Company Brings Dogecoin to Las Vegas Loop

The Boring Company, founded by Tesla CEO Elon Musk, unveiled its first Loop station outside the Las Vegas Convention Center. With this, it is also now accepting Dogecoin as a new payment method for rides on its Las Vegas Transit System.

The company’s “LVCC Connector” tunnels, which connect to the Vegas Loop systems, will be expanded to over 50 stations on the Vegas Strip, including casinos, resorts, and Allegiant Stadium.

The Tesla CEO confirms that he is “supporting Doge whenever possible”, and we can see this with the “Teslas in Tunnels”.

Supporting Doge wherever possible

— Elon Musk (@elonmusk) July 6, 2022

Loop rides are currently free, but the company intends to charge fees in the future. According to The Boring Company’s Las Vegas Loop ticket page, tickets can be purchased with Dogecoin besides traditional payment options, and a single ride costs $1.50, while a day pass costs $2.50.

It is the latest example of Musk using one of his businesses to promote Dogecoin while also addressing “traffic, which plagues every major city on Earth”—The Boring Company’s ‌goal.

While Tesla already accepts DOGE, Musk hinted that SpaceX may soon begin accepting Dogecoin as payment for merchandise. But, in June, the entrepreneur was sued for $258 billion for allegedly running a pyramid scheme to support Dogecoin.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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