NOTE: This story has been debunked and the site has been proven to be a fake. The Next Web, the original source, has released the following statement:
“The website showing cryptocurrency payment methods was a fake. We’re sorry, but sometimes we fall for internet trickery. We won’t remove this story because we want you to see how dumb we can be, so enjoy!”
We will keep it up, as well, to emphasize the need for a continued scrutiny of information in the crypto space — always be safe with your funds!
The Boring Company, an infrastructure and tunnel construction company founded by serial entrepreneur Elon Musk, now accepts payments in various cryptocurrencies for its “Not A Flamethrower” novelty product.
First discovered by The Next Web, the available check out payment options for the flamethrower include Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH), in addition to more traditional payment methods.
These flamethrowers, which have notably nothing to do with the company’s actual business, are currently retailing for $500 a piece (down from $997). At current exchange rates, this equates to 0.08 BTC, 1.17 BCH, 2.53 ETH and 9.73 LTC.
This decision is not all that surprising given the fact that Musk is no stranger to cryptocurrencies, as he has long been the victim of cryptocurrency scam bots on Twitter.
Musk has even gone as far as to call on Jackson Palmer, creator of the popular meme-based cryptocurrency Dogecoin (DOGE), to help rid Twitter of these bots that commonly mimic official accounts to trick unsavvy investors into sending digital assets under the guise of free giveaways.
In addition to the flamethrower, The Boring Company also (comically) sells an overpriced fire extinguisher, protective fire gloves and a propane fuel cylinder for reloads.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.