Elon Musk accepts crypto from another company
DOGE finds support in The Boring Company, a construction and infrastructure company owned by Elon Musk. The company will now accept DOGE as payment currency.
Elon Musk continues to support Dogecoin (DOGE), with his organization called The Boring Company. The company has begun to accept the asset as a method 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 are economically viable.
According to CNN, the company will be another venture by Musk that will accept DOGE as a means of payment. Tesla currently supports the meme coin, while SpaceX recently announced that they will use the asset.
DOGE as a form of payment
The Boring Company’s customers will be able to use DOGE to pay for trips on the Loop, the company’s underground Las Vegas transit system. Tours will have an individual charge 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 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 United States, you can use DOGE to buy items in major retail networks and in several theaters across the country. In addition, a political candidate has proposed that the asset be legal tender currency in California.
Tesla’s CEO continues to support crypto
By accepting DOGE from yet another of his companies, Elon Musk proves he was not lying when he said he would continue to support his favorite cryptocurrency, even with the problems he has faced because of it.
In May, an investor filed a lawsuit against the businessman and his companies for allegedly promoting an asset, which, it is said in the lawsuit, was financial pyramid fraud. The prosecutor is asking for a payment of 258 billion dollars for the damage he suffered.
It is worth remembering that the richest man in the world has already faced legal issues related to the process of buying Twitter. However, it seems that this has not shaken his plans.
The cryptocurrency has become known all over the world and has seen the price skyrocket several times in recent years thanks to the entrepreneur’s reviews. This time it was no different. DOGE has accumulated a 5% increase over the last 24 hours, according to TradingView, reaching a new monthly high above USD 0.07.
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