The Boring Company – a company owned by Elon Musk that provides tunnel construction services to clients – announced it is allowing customers Pay with Dogecoin.
Elon Musk Company embraces Doge
This move brings the crypto goal closer to being achieved. What many people tend to forget is that while digital assets have become speculative or hedge-like in recent years, many of them were originally designed to serve as payment tools. Cards, built to sideline fiat currencies, have been a relatively slow road given that volatility continues to pull them down.
It is very difficult to understand when the price of cryptocurrencies will go up or down. For this reason, many stores and businesses are reluctant to say yes when it comes to accepting cryptocurrency payments, and to some extent you can’t blame them.
Consider the following scenario. For example, someone walks into a store and in Bitcoin he buys $50 worth of goods. The store will not convert her BTC to fiat right away, it will take about 24 hours. From there, the price of BTC will drop, $50 he will be $40. Customers get everything they buy, but the store ends up losing money. Is this a fair situation? Not everyone thinks so.
That’s what makes companies like Boring so important. They understand the original purpose of digital currency and seek to transform it into a usable tool that everyday people can benefit from.
It’s no shock that Boring suddenly became so open with Doge. The asset, which began as a memetic currency and has since skyrocketed to become one of the world’s largest and most popular cryptocurrencies, has received significant praise and attention from Musk in the past. One of the currencies (along with ETH and BTC), even mentioned As a “People’s Code”.
He loves this property!
Additionally, there was a long period of time when many thought Elon Musk would take over as potential Governor-General CEO. just turned out to be Rumors on the Internet suggest that Musk has a very strong (albeit unique) connection to a property co-developed by Jackson Palmer.
He also stated that individuals can Buy SpaceX products in digital currency. He was much friendlier to Doge than he was to Bitcoin. Expected acceptance As a payment method for cryptocurrency holders looking to purchase a new Tesla vehicle.This decision has just been reversed a few weeks later The initial announcement came as Musk was concerned about how much energy was being used in its BTC mining operations.
https://www.livebitcoinnews.com/the-boring-company-owned-by-elon-musk-will-accept-doge-payments/ The Boring Company (Owned by Elon Musk) Accepts Doge Payments