Elon Musk’s The Boring Company Will Accept Payments in Dogecoins

In 2021, the digital currency that grew out of an internet meme about a bewildered Shiba Inu dog was a hit, growing 4,000% in a year and costing around 68 cents at its peak.

Now worth around 7 cents, Dogecoin has dropped 70% in the last 12 months, but Musk continues to look for ways to popularize it.

In January, Tesla announced the sale of some products for this currency (after which, both the company's shares and the value of the crypto-meme skyrocketed). And now we see another example: with the payment of trips through underground tunnels in high-speed Teslas in Dogecoin.

The announcement of the new payment method is timed to coincide with the opening of the first Loop stop outside the subway below the Las Vegas Convention Center.

The new station is called Resorts World and is located near the hotel of the same name on the main street of the famous casino city - the Strip. The Boring Company plans to expand the Loop to more than 50 stations at major hotels and casinos, as well as Allegiant Stadium.

Until now, you can get from Resorts World to only one of the Loop stations below the convention center, to Riviera, but then all the stops will connect into one chain.

According to the Vegas Loop website, single rides will cost $1.50, while day passes can be purchased for $2.50.

The company plans to transport approximately 400 passengers per hour from Resorts World, and hours of operation will vary based on convention center hours.

Tesla cars don't leave on a set schedule, like a regular bus or train, but instead move on a free schedule, taking the opposite into account (there's only one tunnel from the Strip so far).

But this isn't a problem: According to Resorts World representative Dana Rutkin, even with the complexities, guests don't have to wait more than a few minutes for a ride.