DOGE finds support in The Boring Company, a construction and infrastructure company owned by Elon Musk. The corporation will now accept DOGE as a payment currency.
Elon Musk continues to support Dogecoin (DOGE), with his organization called The Boring Company. The corporation has started to accept the asset as a form of payment.
The Boring Company is an infrastructure and construction company created by the billionaire in 2016. It aims to develop a large network of underground tunnels that is financially viable.
According to CNN, the company will be another yet venture of Musk’s that will accept DOGE as a means of payment. Tesla currently supports the meme coin, while SpaceX recently announced that it will adopt the asset.
DOGE as a form of payment
The Boring Company’s customers will be able to use their DOGE to pay for rides on Loop, the company’s underground Las Vegas transit system. Trips will have an individual cost of $1.50 and can also be paid in dollars or by credit card.
For Elon Musk, Dogecoin has great potential to become a currency, even being easier to use in financial transactions than Bitcoin. In fact, the coin has gained a lot of ground in this regard, especially in the United States.
Inside the U.S., you can use DOGE for buying things in a major retail networks, and in several movie theaters across the country. Plus, a political candidate has proposed that the asset should be legal tender currency in California.
