Elon Musk is known within the crypto world as a big fan of Dogecoin. He is now giving those feelings for the industry’s largest memecoin a follow-up. The Boring Company, a company he uses to build traffic tunnels to solve America’s congestion problem, is now accepting Dogecoin for the Vegas Loop.
Wherever possible I support Doge
The Boring Company itself has not yet officially confirmed the news. But Elon Musk has already responded to the development on Twitter.
“Wherever possible I support Doge,” Musk speaks in plain language about Dogecoin.
By the way, The Boring Company is not the first company of the successful entrepreneur to accept Dogecoin as a means of payment.
Earlier this year, Tesla launched the possibility of buying merchandise with Dogecoin. In addition, Musk has indicated that he is exploring the possibility of doing something with Dogecoin for SpaceX as well. Furthermore, the billionaire’s acquisition of Twitter is also a promising development for Dogecoin and the rest of the crypto world.
The Vegas Loop
On the same day, DogeDesigner, a graphic designer for the Dogecoin Foundation, shared a video in which he walks through the Vegas Loop booking process. In total, DogeDesigner has to put down 37.52 DOGE to buy a day pass for The Boring Company’s new traffic tunnel.
The Vegas Loop lies beneath Resorts World Las Vegas and is the fourth stop of the more than 2-mile-long Las Vegas Convention Center Loop. The underground tunnel system allows users to be transported from one stop to another via a Tesla.
This makes the current way the tunnels operate a far cry from the original plans Musk had for the “Hyperloops”. Indeed, originally the idea was to use magnetic propulsion to transport passengers in capsules from point A to point B at high speed. The Boring Company is currently working on making the vehicles work without a human driver.
Elon Musk and Twitter
Dogecoin as a means of payment for the Vegas Loop is a nice bonus for the Dogecoin community. But all eyes are currently on Elon Musk’s acquisition of Twitter. That acquisition, meanwhile, is starting to become quite a soap opera, but in late June the entrepreneur seemed to be making some progress again. The board of Twitter advised shareholders at the time to accept Elon Musk’s $44 million (about €42 million) takeover offer.
Among other things, Elon Musk is toying with the idea of creating a paid version of Twitter. This would allow users to pay to have their profile marked with a blue tick. This should be the solution to the major bot problem that Twitter is currently facing.
The idea is to let users pay for that blue tick with Dogecoin, among other things. However, Musk has indicated that he wants to make the options as broad as possible. In his eyes, there should be as many payment options as possible. That way, everyone can choose which fiat currency or cryptocurrency they want to use as a means of payment. A promising development for the crypto industry and possibly also one that pushes Twitter towards the payments industry.
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