The Boring Company, Elon Musk’s construction startup, has begun accepting Dogecoin as payment for trips on its Las Vegas transport system.
According to a July 6 story by CNBC, the latest Bitpay payment method became available on Friday, a day following the debut of its newest Loop site now at Las Vegas Convention Center.
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Whereas the Boring Company really hasn’t formally announced the novel payment system, CEO Elon Musk appears to have done so when he reacted to a post about the announcement by saying he supports Doge in any way he can. And this isn’t the first time.
That same day, a graphic artist at the Dogecoin Organization, tweeted a clip with his 13,600 Followers on Twitter of himself browsing the Vegas Loop booking website and purchasing a day pass paying 37.52 DOGE through BitPay.
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The latest Loop site is located beneath the Resorts World Las Vegas, an international hotel, and is also the fourth station right at the 1.7-mile Las Vegas Convention Center Loop. Customers may use human-driven Teslas electric cars from one station to another via the subsurface passageway.
This is a far contrast from the initial designs called the Vegas “hyperloop,” which called for electromagnetic power to propel passenger vehicles via a sealed tunnel network at high speeds.
In the long term, the business plans to install autonomous cars on its Vegas transit system. Allowing Dogecoin transactions on Loop is just the most recent addition to Musk’s portfolio of enterprises.
Ceo Elon Musk said in December that its electrical car manufacturer will start receiving DOGE for select retail sales, causing Dogecoin’s costs to increase by 25% as a result.
Musk revealed intentions to prolong the payment method for his space travel business SpaceX from May 2022, although there was no substantial effect on price. Musk’s pro-DOGE Twitter posts have typically had an instantaneous and favorable influence on DOGE’s market pricing, as traders try to capitalize on the frenzy.
So naturally, this time again, Dogecoin is presently trading at $0.06851, up approximately 1.15 percent in the previous 24 hours.
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