Tesla Won’t Let You Buy a Car With Dogecoin, But This Other Elon Musk-Owned Company Will Accept Meme Crypto For Rides
The richest person in the world has often been a strong supporter of cryptocurrency meme Dogecoin DOGE/USD. Posts on Twitter Inc. TWTR by Tesla Inc. TSLA CEO Elon Musk showed their support. On Wednesday, Musk confirmed that one of his companies would accept Dogecoin as a payment option.
What happened: Over the years, Dogecoin’s loyal community of fans and investors have called on Tesla to accept crypto as a payment option. Tesla has implemented Dogecoin as a payment option for goods, but does not currently accept cryptocurrency as a payment choice for new vehicles.
A new report from CNN, which has been confirmed by Musk, says The Boring Company will accept Dogecoin as payment for rides on its upcoming mass transit system.
Loop is a public transportation system that transports visitors under the Las Vegas Convention Center.
Dogecoin poster @mishaboar shared the CNN article and had this to say.
“Adopting and creating use cases is the best way for entrepreneurs to support #Dogecoin. With the planned expansion of Loop to cover the Las Vegas Strip area and serve the University of Nevada and possibly being the airport is really fun and exciting,” @mishaboar tweeted.
Musk confirmed the CNN article and responded to @mishaboar expressing his chance to support Dogecoin when and where he can.
Support Doge as much as possible
— Elon Musk (@elonmusk) July 6, 2022
Loop offers travel in Tesla vehicles at speeds of around 35 miles per hour, according to the report. The new payment system launched Friday with the opening of a Loop station outside the Las Vegas Convention Center. Three stops are currently offered, with rides available for free.
Rides will soon cost $1.50 for a single passenger and $2.50 for a day pass. Payment options include US Dollar, Dogecoin, and credit cards.
Plans call for The Boring Company to have over 50 stations on the Las Vegas Strip. The company’s website lists hypothetical rides from Harry Reid International Airport, Allegiant Stadium, and downtown Las Vegas, all offered at the convention center, which range in price from $5 to $10, with times transit time of 3 to 5 minutes.
Tesla Tesmanian blog recently Underline The Boring Company and the chance to ride Teslas around Las Vegas. Musk said FSD could be used in tunnels.
“Maybe later this year”, Musk replied to the question of when the FSD could be used in the Las Vegas tunnels.
Related Link: Musk’s Boring Company Requests Private Access Tunnel Under Tesla Gigafactory Texas
Why it matters: The Boring Company is one of many businesses started by Musk. The company aims to build tunnels to reduce traffic congestion and reduce transport times and costs.
Along with Las Vegas, The Boring Company is targeting projects in Florida and Texas.
Dogecoin is one of Musk’s most tweeted topics over the years.
He has repeatedly shown his support for Dogecoin, and having crypto as a payment option for the Las Vegas transportation system could further cement his title as “The Dogefather.”
DOGE Price Action: Dogecoin is up 2% at $0.06821 at the time of writing. The crypto is down 2.8% in the past seven days.
Photo: Created with an image by Ministério Das Comunicações and Brian Bald on Flickr