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Elon Musk's The Boring Company Accepts Cryptocurrencies

Amandeep Sonewane | Oct. 19, 2018
Elon Musk's The Boring Company Accepts Cryptocurrencies

Elon Musk's The Boring Company has now started to accept Bitcoin, Ethereum, Bitcoin Cash and Litecoin for payments. 

19 October 2018, AtoZMarkets - The CEO of Tesla Motors and SpaceX, Elon Musk has reportedly entered the world of cryptocurrency. Elon Musk has allegedly ventured into the crypto-market space, with the billionaire’s firm which is named The Boring Company. The company has now started accepting Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

The company was founded in 2016 with the mission to eliminate traffic in major cities by creating a web of underground tunnels that provide a new way to rapidly move from one place to another. The company is building its first test tunnel in Los Angeles.

The Boring Company

Elon Musk decided to sell a line of unique items promoting the venture, including hats and the now-infamous “Not-A-Flamethrower.”

The Next web quoted that:

“The flamethrowers are retailing for $500, a lower figure than the pre-sale price of $600. At the time of writing, that means you can get yourself one of the devices for 0.078 Bitcoin. Or 2.48 Ether. That almost sounds reasonable.”

The firm’s products like the unique fire-based items can now be bought using the four major cryptocurrencies. Musk has had several flirtations with cryptocurrency this year. He was also spotted with a book on cryptocurrency in March 2018.

Also, he has remarked on the “mad skillz” of malicious bots on Twitter that impersonate celebrities and then try to convince people to give away their cryptocurrencies. 

In February 2018, Musk also revealed that he does, in fact, hold a bit of crypto himself. Musk says he owns 0.25 Bitcoin that a friend sent him years ago.

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Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.