Elon Musk’s Boring Company will accept the meme cryptocurrency dogecoin as payment for rides on its Las Vegas transit system Loop. Musk confirmed that he is “supporting Doge whenever possible.” Tesla already accepts the meme crypto for some merchandise and Spacex will soon follow suit.
The Boring Company, founded by Tesla CEO Elon Musk, will accept the meme cryptocurrency dogecoin for rides on Loop, its Las Vegas transit system, CNN reported Wednesday.
Musk previously said that The Boring Company’s goal “is to solve traffic, which plagues every major city on Earth.” One of the company’s projects is Loop, also known as “Teslas in Tunnels.” Loop is “an express public transportation system that resembles an underground highway more than a subway system,” its website details, adding that the system is all-electric with zero-emissions.
The Boring Company opened the Resorts World Las Vegas passenger station on June 30, the first of over 55 stops planned for the Las Vegas Strip. Clarke 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.
Rides are currently free on Loop but the company plans to charge a fee in the future, according to CNN. The Boring Company’s Las Vegas Loop ticket page shows that tickets can be purchased with dogecoin alongside traditional payment options, and a single ride will cost $1.50 whereas a day pass will cost $2.50. However, the company has not announced when the fees will be charged and the final costs may be different.
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