Supporting Doge wherever possible
— Elon Musk (@elonmusk) July 6, 2022
The Boring Company of Elon Musk has announced to accept payment in DodgeCoin. People will now be able to pay for rides in Las Vegas with DodgeCoin on the company’s built-in transit system called Loop. The CNN report states that the company has announced to accept payments in DodgeCoin. However, those who do not hold Dodgecoin can choose other payment options as well.
Earlier, Musk had said that his company The Boring Company aims to eliminate the traffic problem, which has become a headache for every major city in the world. One of these projects of the company has been named Loop. It is also called Teslas in Tunnels. It is an express public transport system which is not like any subway system but like underground highway. The company has written in its website that this system is completely electric and has zero percent emission.
The Boring Company opened the Resorts World Las Vegas passenger station on June 30. This is the first of more than 55 stops planned for the Las Vegas Strip. Clark County, Nevada approved the company’s expansion plan last year. The Resorts World Las Vegas stop is the first loop station outside the Las Vegas Convention Center (LVCC), which already has three stops.
The CNN report says that rides in the loop are currently free, but in the coming time the company will start charging for it. The Boring Company’s Las Vegas Loop ticket page shows that tickets can be purchased at DodgeCoin. Along with this, other traditional payment options have also been given. A single ride in the loop will charge $1.5 (approximately Rs 110) and a full day pass will charge $2.5 (approximately Rs 170). The company is yet to confirm when the charge will be applicable and what will be the final price.
Musk has been supporting Dogecoin since its inception. They believe that it has the same potential as a currency. At the same time they have said that bitcoin is the proper cryptocurrency for value storage. Musk’s electric car maker Tesla has already been accepting DOGE as payment.