Monday, December 5, 2022
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Elon Musk backed boring company all set to accept Dogecoin as mode of payment

The Boring Company, Elon Musk’s underground tunnelling business, has increased its operation by introducing a new fragrance. Musk on October 12, unveiled the launch of perfume via tweet, that smells like a candle at the dining table. Consumers could purchase the perfume via Dogecoin.

boring company

Tesla founder, Elon Musk is a huge promoter of Dogecoin, the first meme cryptocurrency. Musk had confirmed buying the Doge via its own money over the years and had frequently praised its benefits on various occasions.

In August, Musk said that Dogecoin can process more transactions per second than Bitcoin. Musk used the transaction time of both coins to explain his point. Musk revealed that DOGE transactions complete in 60 seconds but BTC transactions take around 10 minutes to complete.

Earlier this year, Musk bought over 70,000,000 shares of Twitter, expressing his willingness to pay $44 billion for the social media company. DOGE within hours, rose by 33%, reaching a price of $0.15. Musk electric car firm, Tesla, currently accepts DOGE for some products.

Musk in May declared that the firm is planning to accept Dogecoin for the Starlink subscription and also thinks to follow the same path with SpaceX

Apart from that, Musk also suggested that Twitter might accept cryptocurrency payments, if his attempt to acquire the social media network is successful.

In June, two of Musk’s well-known firms SpaceX and Tesla were charged with $258 million, accusing them of being involved in the cryptocurrency pyramid scheme through Dogecoin. Elon Musk, reaffirmed his motive to continue purchasing and promoting DOGE.

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