Source: shutterstock.com/Igor Igorevich
Dogecoin (DOGE-USD) is in the news today as Elon Musk’s The Boring Company has started accepting the crypto for payments.
Let’s go over everything DOGE traders need to know about the news below!
- The Boring Company has opened its first loop in Las Vegas.
- This loop currently travels between three locations on the Las Vegas strip.
- Currently, the underground passageway lets users ride to different locations in a Tesla (NASDAQ:TSLA).
- These electric vehicles are being driven by humans and travel at about 35 mph.
- That’s not quite the fully autonomous, high-speed, large passenger units Musk was planning for.
- Even so, the company intends to further expand toward those options in the future.
- So where does Dogecoin come into all of this?
- Musk has confirmed that passengers can pay for their trips using the digital currency.
- This makes sense as Musk has been an open fan of Dogecoin and promoted it several times in the past.
- It’s worth mentioning that this has Dogecoin trading volume up more than 10% over the previous 24-hour period.
- That also comes as the crypto has been recovering lately following a rough start to the year.
DOGE is up 3.2% over the previous 24-hour period. However, the crypto is still down 68.9% over the last year.
Investors seeking out more of the most recent crypto news will want to keep reading!
We’ve got all the hottest crypto coverage that traders need for Thursday! That includes CertiK’s latest Web 3.0 report, a list of cryptos to consider buying, as well as what was happening with Cosmos (ATOM-USD) yesterday. You can read all of that news at the links below!
More Crypto News for Thursday
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/07/dogecoin-crypto-alert-11-things-to-know-as-the-boring-company-accepts-doge-payments/.
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