Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Elon Musk’s The Boring Company began accepting payments in Dogecoin for its underground transportation service, Loop, in Las Vegas.
- Another Musk company adopts payments in DOGE.
- The Boring Company will allow paying for Tesla rides with memecoin.
- Elon Musk remains an ardent promoter of Dogecoin.
The Boring Companya company owned by Elon Musk that is drilling tunnels to build a new transportation system based on Tesla cars, has begun accepting payments in the cryptocurrency. Dogecoin .
The news agency CNN first reported that the underground transit system ofThe Boring Company in Las Vegas, calledLooplaunched the new payments alternative on Friday. The move will occur in partnership with the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. payment processor, BitPay bitPay is a Bitcoin payment service provider. and just one day after the opening of its new station. Loop at the Las Vegas Convention Center.
Although the company hasn’t made an official announcement, the billionaire and eccentric Musk seemed to confirm the news in a tweet . “ Supporting Doge whenever possible “ wrote the CEO of Tesla in response to the publication of CNN .
Supporting Doge wherever possible
– Elon Musk (@elonmusk) July 6, 2022
The Boring Company becomes the third company from the popular entrepreneur to offer a payment option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. with Dogecoin (DOGE). As reported by DiarioBitcoin In December of last year, Musk announced that the electric car manufacturer Tesla owned by him, would start accepting payments in the doggy memecoin.
At that time, the price of the cryptocurrency soared more than 20%. Tesla adoptó oficialmente los pagos en DOGE para la compra de mercadería a inicios de este año. Más recientemente, Musk anunció que su compañía de cohetes espaciales, SpaceX also will implement payments with the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency.
The Boring Company adopt cryptopagos
Founded at the end of 2016,The Boring Company is an excavation and infrastructure company whose name is a play on the double entendre of drilling and boring. In English, its name sounds like “The Boring Company”.
Musk, anunció por primera vez los planes en diciembre de 2016, y dijo en un tweet that he was planning to buy a tunnel boring machine and “ just start digging “. The broader idea was to build an efficient transportation system that avoids traffic.
However, the reality is still a far cry from the entrepreneur’s dream futuristic vision of using magnetic propulsion to move passenger transport capsules at high speeds (around 150 mph) through a pressurized tunnel system.
In a less extravagant version, Loop is currently a car-based commercial travel service. Tesla driven by humans at a speed of approximately 35 mph. The new station Loop is located underneath an integrated resort called Resorts World Las Vegas y es la cuarta parada en el Las Vegas Convention Center Loop , de 1.7 millas.
According to CNN ,The Boring Company hopes to eventually expand to more than 50 stations on the Las Vegas Strip, including casinos, resorts and the arena. Allegiant home of the Raiders the NFL’s Las Vegas. It is also expected that, in the future, the travel system will be independent of human drivers.
While nowadays travel in Loop are free of charge, as pointed out by CNN The new system is expected to start charging $1.50 for individual passes and $2.50 for daily passes at a later date. In addition to DOGE, and possibly other cryptocurrencies, people will also be able to pay with traditional credit cards and/or US dollars.
Musk can’t get enough of Dogecoin
Even though reports say the service is free, it seems that some users have already tried the new paid option. As reported by Cointelegraph , DogeDesigner a designer of the Dogecoin Foundation shared a video on Twitter which shows the process of purchasing a ticket on the Vegas Loop booking page using DOGE through BitPay .
— DogeDesigner (@cb_doge) July 7, 2022
The ad is the latest sign of Musk’s fanaticism for the meme cryptocurrency. As we’ve covered many times in the past, the billionaire has been extensively promoting a Dogecoin on her social media in recent years. In 2021 she made a big splash when she anticipated that she would be talking about her during her appearance onSaturday Night Live.
DOGE, which initially emerged as a joke based on a popular internet meme of a Shiba Inu puppy, has become very popular in the wake of Musk’s support. Last year, in the midst of the bull a person that is optimistic and confident that market prices will increase, this person is also known to be "bullish" about the market or price. cycle, DOGE soared more than 3,000%, reaching a high of USD $0.68. However, this year, its price has dropped sharply amid a general market an area or arena, online or offline, in which commercial dealings are conducted. pullback.
On many occasions in the past, Musk’s comments on Dogecoin have caused sharp movements in the price of the currency. This time, the announcement of acceptance by its company Boring seems to be no exception, as the cryptocurrency has risen nearly 5% in the last 24 hours; although it’s worth noting that the rise coincides with a broader rise in the market.
- Elon Musk: “I’ve never said people should invest investing is when you put money in a financial scheme with the intent of making a gain. in cryptocurrencies”.
- Class action lawsuit filed against Elon Musk for publicly promoting Dogecoin
- Dogecoin co-founder says Elon Musk is a “scammer” who doesn’t know how to program and Musk strikes back
Article by Hannah Estefania Perez / DiarioBitcoin
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