• Elon Musk's Boring Company now accepts payment in Dogecoin, according to CNN.
  • Customers can now use the cryptocurrency to ride in Musk's series of underground tunnels in Las Vegas.
  • This is part of a long history of Elon Musk promoting Dogecoin through his companies and his Twitter account. 

Elon Musk has found a new way to promote Dogecoin.

Musk's underground transportation company, The Boring Company, now accepts payment for rides in its Las Vegas Loop in the cryptocurrency, according to a report from CNN

The Loop is a network of tunnels located under the Las Vegas Convention Center that transports people using Tesla vehicles traveling at high speeds. The Las Vegas Loop is The Boring Company's first project in commercial use, and the company has plans to expand the tunnels throughout Las Vegas. Musk's Boring Company also plans to build underground tunnels in Texas and has submitted a proposal for a Loop in Miami

Rides on the Loop are currently free, but the company plans to charge $1.50 for single rides and $2.50 for a day pass, according to CNN.

The Boring Company could not immediately be reached for comment. 

The Boring Company's decision to accept payment in Dogecoin is part of a long history of Elon Musk embracing the cryptocurrency. Tesla, where Musk also is CEO, accepts payment in Dogecoin for some merchandise. 

Dogecoin, which was launched as a joke by two engineers in 2013, saw its price spike from less than 1 cent to more than 70 cents in May 2021, helped, in part, by promotion on Twitter from Musk. 

Last month, Musk said he supports Dogecoin because people who are "not that wealthy" have asked him to do so. It is unclear how much money Musk has invested in Dogecoin. 


Read the original article on Business Insider