Elon Musk’s Boring Company to Accept Dogecoin as a Payment Option


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  • DOGE payments will soon be accepted for Loop trips in TBC’s Las Vegas station, which the company recently formally launched.
  • Dogecoin (DOGE) developers and supporters are working hard to improve DogeCoin’s utility (DOGE).
  • The Boring Company (TBC) claims to be focused on developing safe, fast-digging, low-cost transit, utility, and freight tunnels.

Dogecoin (DOGE) has been a law unto itself since its inception; all it requires is a single tweet from the coin’s biggest fan, Elon Musk, and the price skyrockets. That’s because it is a meme coin, unlike all other coins in the top ten of the CoinMarketExchange. Meme coins are primarily supported by publicity and social media influencers rather than actual token utility. This has both advantages and disadvantages. Prices can rise quickly, but they can also fall quickly, seeking to make them a volatile place to invest.

Dogecoin (DOGE) developers and supporters are working hard to improve DogeCoin’s utility (DOGE). Tesla, Elon Musk’s company, is already accepting DOGE payments for merchandise. Moreover,  investor’s are speculating that marketing on Twitter will be available to buy using DOGE. Of course, once Musk’s impending takeover of Twitter is completed.

There’s more to it. DogeDesigner released a new plugin in May that enables website owners to start accepting DOGE payments. The plugin enables the WooCommerce plugin to be used as an ‘Easy Dogecoin Gateway’ on over 455 million WordPress websites. These real-world applications, combined with Dogecoin’s (DOGE) phenomenal prominence on social media and among celebrities, ensure that the cryptocurrency exceeds all expectations. Yet, despite all of the doom-mongering in the mainstream press, it remains a fantastic long-term investment.

Elon Musk Extends His Support to DOGE

According to the most recent information, The Boring Company completed a transit station in Las Vegas last Friday. It introduced Dogecoin as a new payment option for the Vegas Loop system. It is worth noting that Elon Musk founded the American company The Boring Company, which provides infrastructure and tunnel construction services.

Elon Musk, the founder of The Boring Company, did, however, confirm this report. On Wednesday, he tweeted: “Supporting Doge wherever possible.” As a result, the price of Dogecoin (DOGE) has increased by more than 6% in the last week. Even as he is constantly attacked, the world’s richest man, Elon Musk (CEO of Tesla and SpaceX), continues to express his love for Dogecoin (DOGE).

Elon Musk Tweet

This is evidenced by the recent announcement by Musk’s tunnel-digging company, The Boring Company (TBC), that it is now accepting Dogecoin (DOGE) payments for its Loop riding service. The Boring Company (TBC) claims to be focused on developing safe, fast-digging, low-cost transit, utility, and freight tunnels.

Dogecoin to be Accepted for Loop Trips in LA

DOGE payments will soon be accepted for Loop trips in TBC’s Las Vegas station, which the company recently formally launched. Users who are unfamiliar with the Loop transit system may be unaware that the Loop transit system transports Tesla electric car passengers via underground tunnels. Vehicles travel at a speed of approximately 35 m/s (mph). It should also be noted that the company’s expansion plans include nearly fifty-plus stations on the Las Vegas Strip, including casinos, hotels, and the Allegiant Stadium, home of the NFL team Las Vegas Raiders.

According to the source, there are now only three major stops where travelers can exit the Loop. As we all know, the meme coin Dogecoin was created as a joke in 2013, and this is Musk’s most recent attempt to promote Dogecoin through one of his companies. In addition, Musk stated in May that Dogecoin could be used to purchase Tesla products. This positive news has a positive impact on Dogecoin prices, and as a result, the price of Dogecoin (DOGE) has risen by more than 6% in recent days.

 


About B. Ali PRO INVESTOR

Live webinar speaker and derivatives (Forex, Crypto, and Indices) analyst with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection. 

Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis.



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