Tech

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

07/07/2022
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Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las Vegas transit system using Dogecoin (DOGE)

A Wednesday report from CNBC said the new payment option via BitPay surfaced on July 1, a day after the opening of its new Loop station at the Las Vegas Convention Center.

While The Boring Company has not officially confirmed the new payment method, founder Elon Musk seemingly did when he responded to a tweet about the news, saying: “Supporting Doge wherever possible.”

On the same day, DogeDesigner, a graphic designer for Dogecoin Foundation, shared a video with his 13,600 Twitter followers with him navigating through the Vegas Loop booking page and making a purchase of a day-pass using 37.52 DOGE via BitPay.

The new Loop station is located underneath an integrated resort called Resorts World Las Vegas and is the fourth stop on the 1.7-mile Las Vegas Convention Center Loop. 

Using the subterranean tunnel system, commuters can catch human-driven Tesla-branded electric vehicles from one stop to another.

It’s a far cry from the original plans for the Vegas “hyperloop,” which was to use magnetic propulsion to move passenger-carrying capsules at high speed through a pressurized tunnel system.

The company is still working on implementing driver-less vehicles on its Vegas transportation system in the future.

Supporting Dogecoin payments on Loop is only the latest integration for Musk’s fleet of companies.

Related: Dogecoin price could rally 20% in July with this bullish reversal pattern

Last December, Tesla CEO Musk announced that the electric vehicle company would begin accepting DOGE for certain merchandise purchases, which saw Dogecoin’s price gain 25% following the announcement.

In May 2022, Musk announced his plans to extend the payment option for his space exploration company SpaceX, though there was no significant impact on price.

Dogecoin is currently priced at $0.06851 at the time of writing, up around 1.15% over the last 24 hours.