EDITED: You CAN’T buy Elon Musk’s flamethrower with crypto

EDIT: It seems to be a fake news story, a scammer registered a fake BoringCompany domain! Scammers moved from impersonating Musk on Twitter to impersonate his company on the web.

 

The Boring Company, the excavation and infrastructure firm managed by renowned businessman Elon Musk, has begun to accept Bitcoin, Litecoin, Ethereum and Bitcoin Cash for the purchase of its flame thrower.

The company, founded in 2016 with the objective of providing solutions to automobile traffic in the world’s major cities, has thus entered the world of crypto coins. Boring Company has proposed to build underground tunnels to transport passengers quickly and without delays, and is already building its first test tunnel in Los Angeles. The point is that to promote the company’s traffic solution, Musk has decided to sell various items, such as hats and even a flamethrower that can be purchased with bitcoins.

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Although the website does not make any major announcements about this possibility, at the moment of paying for the flame thrower the option of paying with the aforementioned crypto currencies is displayed through the Coinbase Commerce platform.

elon musk bitcoinCoinbase Commerce is the payment processor in crypto currencies for The Boring Company.

The flame thrower costs $500 U.S. dollars, not including shipment of the device, which at the time of writing equals 0.07 BTC, 2.4 ETH, 9.6 LTC or 1.2 BCH, according to CoinMarketCap.

ELON MUSK AND CRYPTO COINS

Elon Musk has stood out as a successful businessman, creator of projects such as Tesla and PayPal, which was envisioned to be online payment processor resembling today’s cryptocurrencies rather than banks.

Beyond the numerous crypto-scammers on Twitter with his name, and which he tries to combat, Musk has not yet had a greater approach to crypto currencies. It was in September of this year that the businessman contacted the creator of DogeCoin, Jackson Palmer, to look for a solution that would put an end to the robots and scammers that are abundant on Twitter impersonating various celebrities to steal money or user information.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

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