2 November 2024
SpaceX to Accept Dogecoin Payments for DOGE 1 Mission to the Moon
SpaceX, the pioneer private space agency founded by Elon Musk, has announced a new mission called DOGE-1 in partnership with Geometric Energy Corporation, a renewable energy-based firm.
According to a Press release, the main objective of this mission will be to place a commercial payload on the Moon. And more importantly, it will be paid entirely with Dogecoin, the memecoin that several influencers have recently adopted after being popularized by SpaceX CEO Elon Musk.
This will be the first of its kind commercial mission paid with cryptocurrency. DOGE-1 sets a precedent for payments in this aerospatial age, putting Dogecoin in a really special place amongst other cryptocurrencies.
This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce. We’re excited to launch DOGE-1 to the Moon- Tom Ochinero, SpaceX Vice President of Commercial Sales.
The DOGE-1 payload includes a 40Kg CubeSat that will deliver lunar data with integrated sensors and banking-based payment solutions to pay for the mission. GEC’s CEO Samuel Reid describes this mission:
Having officially transacted with DOGE for a deal of this magnitude, Geometric Energy Corporation and Spacex have solidified DOGE as a unit of account for lunar business in the space sector.
However, this news contradicts heavily with what Dogecoin experienced yesterday in terms of price action. While most Dogecoin investors were expecting price rises due to the long-expected appearance of Elon Musk in Saturday Night Live yesterday, the opposite just happened.
Musk appeared in a news skit as a cryptocurrency expert who failed to explain Dogecoin, calling it a “hustle,” while telling it would go to the Moon. This statement tumbled the price going from $0.65 pre-show to $0.43 after the show, causing panic in social media.
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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