The Boring Company to Accept Payments in Dogecoin

The Boring Company (TBC), a company owned by Elon Musk is on track to accept payments in Dogecoin (DOGE). As reported by CNN, the company added Dogecoin as one of its payment methods alongside options that include credit and debit cards.

The new offering will now permit passengers to ride on the new Vegas Loop built by The Boring Company with more flexibility, bringing a whole new utility to the memecoin which started as a joke back in 2013.

The acceptance of Dogecoin by The Boring Company is yet another effort by TBC founder, Elon Musk to promote the cryptocurrency that he has shown so much liking for in the past few years. Elon Musk’s strategy of walking the talk with respect to his advocacy for Dogecoin is a resounding one that is known to often stir an increase in the price of the altcoin.

Elon Musk and Dogecoin Brawl With Binance

There is a lot of controversies that surround Dogecoin, one that is being fueled by Elon Musk in person.

As reported by TheCoinRise, the duo of Elon Musk and Changpeng Zhao, the Founder and CEO of Binance, the world’s largest exchange platform by volume had a clash back in November last year when Musk said Dogecoin withdrawals on the exchange platform ‘sounds shady’.

In response, Changpeng Zhao tweeted that the supposedly shady withdrawals were a result of an issue with the latest Doge wallet. While he apologized for the inconveniences caused, Zhao referred Musk to an earlier glitch in Tesla softwares, asking for clarity on what also happened.

Elon, we are pretty certain it is an issue with the latest #doge wallet. We are in communications with the devs. Apologies for any inconvenience that may have caused you.

What happened here? 👀https://t.co/g2J50zqbEu

— CZ 🔶 BNB (@cz_binance) November 23, 2021

It is not unusual that Musk stirred the brawl as he is known for quite a lot of controversy, but all indicated he had a very strong liking for Dogecoin. Besides the Boring Company, Elon Musk’s other company, Tesla Inc has a strong affinity for digital currencies and holds Bitcoin (BTC) on its balance sheet, ranking as one of the pioneering institutional investors to stack up on the premier digital currency.

Tesla has also been tipped to accept Dogecoin, a trend that is now characteristic of ventures linked to Elon Musk. Dogecoin is changing hands at $0.06884, down 0.84% in the past 24 hours according to data from CoinMarketCap.