Elon Musk’s Vegas Loop Now Accepting Dogecoin Payments.

The Boring Company (TBC), Elon Musk’s tunnel construction company, has began accepting Dogecoin as payment for rides on its Las Vegas Loops transit system.

According to a July 6 article from CNBC, the new Bitpay payment option became available on Friday, a day following the debut of its new Loop station at the Las Vegas Convention Center.

While the Boring Company has not officially verified the new payment option, Elon Musk, the company’s founder, appears to have done so when he responded to a tweet about the announcement, stating, “Supporting Doge wherever possible.”

On the same day, DogeDesigner, a graphic designer for the Dogecoin Foundation, tweeted a video with his 13,600 Twitter followers of himself navigating the Vegas Loop booking page and purchasing a day-pass with 37.52 DOGE via BitPay.

The new Loop station is located beneath Resorts World Las Vegas and is the fourth stop on the 1.7 mile Las Vegas Convention Center Loop.

Commuters can take human-driven Tesla-branded electric vehicles from one stop to another via the subsurface tunnel system.

It’s a far cry from the initial designs for the Vegas “hyperloop,” which called for magnetic propulsion to propel passenger capsules via a pressurized tunnel system at high speeds.

In the future, the firm plans to install driverless vehicles on its Vegas transit system.

Supporting Dogecoin payments on Loop is only the most recent addition to Musk’s portfolio of businesses.

Tesla CEO Elon Musk said in December that the electric vehicle manufacturer would begin accepting DOGE for select retail sales, causing Dogecoin’s price to rise by 25% as a result.

Musk revealed plans to extend the payment option for his space exploration company SpaceX in May 2022, although there was no substantial impact on price.

Dogecoin is presently trading at $0.06851, up approximately 1.15% in the previous 24 hours.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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