TBC founder Elon Musk’s tunnel construction firm The Boring Company (TBC) has commenced allowing customers to pay for rides on its Las Vegas transit system using Dogecoin.
A July 6 report from CNBC supposed the new payment option via Bitpay was raised on Friday, a day after the opening of its new Loop station at the Las Vegas Convention Center.
Though the Boring Company has not officially established the new payment method, founder Elon Musk apparently did as he replied to a tweet, saying: “Supporting Doge wherever possible”, on Wednesday responding to the news.
DogeDesigner, a graphic designer for Dogecoin Foundation, shared a video, on the same day, with his 13,600 Twitter followers with him navigating through the Vegas Loop booking page and making a purchase of a day-pass using 37.52 DOGE via BitPay.
The new Loop station is placed beneath an integrated resort called Resorts World Las Vegas and is the fourth stop on the 1.7-mile Las Vegas Convention Center Loop.
Using the underground tunnel system, commuters can catch human-driven Tesla-branded electric vehicles from one stop to another.
It’s a far cry from the original plans for the Vegas “hyperloop” which was to use magnetic force to move passenger-carrying capsules at high speed through a forced tunnel system.
The company is still working on executing driver-less vehicles on its Vegas transportation system in the future.
Last December, Tesla CEO Musk announced that the electric vehicle company would begin accepting DOGE for certain stock buying, which saw Dogecoin’s price gain 25% following the statement.
In May 2022, Musk declared his plans to extend the payment option for his space survey company SpaceX, though there was no significant impact on price.
Supporting Dogecoin payments on Loop is only the latest integration for Musk’s fleet of companies.
Leave a Reply