Elon Musk's Boring Company to Accept Dogecoin as Payments for Rides on Its Las Vegas Transit System

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."

​Fazzaco to Launch Business Awards 2022

The Boring Company, founded by Tesla CEO Elon Musk, will accept the meme cryptocurrency dogecoin for rides on Loop, its Las Vegas transit system, as reported.

​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 Tesla CEO indicated that the news of The Boring Company's plan to accept dogecoin payments for rides on its Vegas Loop is true by tweeting, "Supporting Doge whenever possible," in response to a post about it.

Musk has long been a proponent of dogecoin, believing that the meme crypto has potential as a currency. In contrast, he said bitcoin is more of a store of value. The Tesla boss also previously revealed that he personally owns dogecoin.

His electric car company, Tesla, already accepts DOGE for some merchandise. Moreover, Musk announced in May that Spacex will follow suit and Starlink subscriptions may also accept the meme coin in the future. He also hinted that Twitter will integrate crypto payments if his takeover bid for the social media platform is successful.

In June, a $258 billion lawsuit​ was filed against Musk, Tesla, and Spacex alleging that they "are engaged in a crypto pyramid scheme (aka Ponzi scheme) by way of dogecoin cryptocurrency." Nonetheless, the Tesla CEO reiterated his intention to keep buying and supporting DOGE.