The Boring Company, founded by Tesla CEO Elon Musk, will accept Dogecoin (DOGE) as payment for rides on its Las Vegas transit system (Loop), CNN reported Wednesday.
Musk has previously said that The Boring Company’s goal is to solve the traffic problem that plagues every major city on Earth. One of the company’s projects is Loop. The Loop is a largely underground transportation system that provides stop-free rides between stations. The system runs entirely on electricity and emits no emissions.
Tesla CEO confirmed news of The Boring Company’s plan to accept dogecoin payments for their Vegas Loop rides as true by tweeting “Support Doge Whenever Possible” to response to a post about that.
The new payment method became available on Friday when the Boring Company opened a new terminal, Resorts World Las Vegas, the first outside the Las Vegas Convention Center. The new terminal will complement existing ones at the LVCC Loop, which provides direct underground access to the Las Vegas Convention Center (LVCC).
Paying with Dogecoin is very convenient and fast. Passengers will be able to scan the QR code displayed on the wall of the new Resorts World terminal to purchase tickets. Those who do not want to pay with Dogecoin can use traditional credit cards and US dollars.
Observing Musk’s comments on Dogecoin in recent years, it’s clear that he strongly believes in the potential of the cryptocurrency and wants it to continue to grow despite its current flaws. Tesla has also previously accepted DOGE for some items. Furthermore, Musk announced in May that Spacex might also accept the meme coin in the future.
In June, however, a $258 billion lawsuit was filed against Musk, Tesla, and Spacex alleging that they were “participating in a crypto pyramid scheme (aka scheme) Ponzi scheme) using the dogecoin cryptocurrency. Despite that, the Tesla CEO continues to buy and support DOGE.