Elon Musk's Boring Company to Accept Dogecoin Payments for Loop Rides

Elon Musk’s Boring Company to Accept Dogecoin Payments for Loop RidesElon Musk’s support for Dogecoin continues. One of his firms – The Boring Company – will start accepting DOGE for payments.

Tesla and SpaceX CEO Elon Musk continues to show support for Dogecoin, with one of the billionaire’s firms, The Boring Company, allowing customers to pay for Loop rides with the memecoin.on Wednesday , The Boring Company, an infrastructure, and tunnel construction firm, first announced the dogecoin payment option on July 1.

Customers will be able to pay with the crypto when they take a ride using Tesla vehicles on the company’s Las Vegas transit system called Loop. The Loop ride travels at 35 miles per hour , as against the original 150mph. Passengers will pay $1.50 for single rides, while customers can purchase day passes for $2.50. Also, riders not willing to pay with DOGE can make payments in U.S. dollars or credit cards.

Meanwhile, rides are currently free for passengers using Loop, with charges coming at a later date. Furthermore, with the first Loop station already opened outside the Las Vegas Convention Center, there are plans to construct over 50 additional stations on the Vegas Strip.electric vehicle manufacturing giant Tesla to accept DOGE payment for merchandise.

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