Elon Musk’s Boring Company allows users to pay for Loop rides using Dogecoin as a payment method. Loop is a transit system in Las Vegas developed by the Boring Company. The company opened a new Loop station outside the Las Vegas Convention Center. The new payment option emerged as part of the new Loop station.
Elon Musk, the company’s creator, originally intended for high-occupancy vehicles to reach speeds of 250 mph, but Loop consists of customers who drive Tesla cars driven by humans at speeds of about 35 mph. The company aims to improve and implement automated driving at higher speeds in a few years’ time.
This Would Be Elon Musk’s Latest Dogecoin Support
The Boring Company’s adoption of Dogecoin is considered one of Elon Musk’s newest and biggest initiatives. The company also plans to expand its loop stations to more than 50. Elon Musk is a staunch supporter of Dogecoin. Despite many obstacles, Elon has continued to show his support for the currency.
The Loop rides are currently free, but will be billed in the future. Single rides will be charged at approximately $1.50 and day passes are available from $2.50. Users can pay for the ride with dogecoin. Those who want to use alternative payment methods can use US dollars and credit card payments.
Dogecoin is something that started as a joke. DOGE has a Shiba Inu dog and has been a famous meme on the internet since its launch in 2013. The coin came into the limelight when Elon Musk started talking about it. After that, every time Elon tweets about DOGE, the meme coin shows a short-lived positive gain.
At the moment of writing, DOGE trades on $0.068050 with 1.6% growth in the last 24 hours. DOGE had a 3.6% gain in the last 14 days and a gain of 3.1% in the last 7 days.