012 ArchivesBoring Company, Elon Musk's other, other company specializing in digging tunnels, will accept Dogecoin as a payment method in its newly opened Vegas Loop, CNN reported Wednesday.
The Loop is a transit method with drivers ferrying passengers in Tesla cars in a tunnel under Las Vegas. The first Loop station, opened last Friday, is outside the Las Vegas Convention center, but the company plans to have a total of 51 stations in a 29-mile tunnel network under the city.
Rides on the Loop are currently free, meaning customers won't be able to spend their precious DOGE there. But when The Boring Company starts charging for rides, sometime in the future, they'll cost $1.50 for a single ride and $2.50 for a day pass.
In practice, this will be done by scanning a large QR code posted at the station. Customers who don't want to pay with Dogecoin will be able to do so with a credit card and good, old U.S. dollars.
Dogecoin, a meme cryptocurrency that surged in popularity (and price) last year, has long been a favorite of Musk, who at one point said that Dogecoin becoming the Earth's future currency would be "the most entertaining outcome."
This is not the first time Musk's companies have started accepting Dogecoin, albeit always on a minor scale. For example, DOGE can be used to buy Tesla merchandise, and at some Supercharger stations.
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Musk commented The Boring Company's move on Twitter on Wednesday. "Supporting Doge wherever possible," he tweeted.
Topics Cryptocurrency Elon Musk
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