SpaceX accepts Dogecoin as payment for DOGE-1 Mission to the Moon

May 9 – Elon Musk’s commercial rocket venture, SpaceX, will launch the “DOGE-1 Mission to the Moon” in the first quarter of next year, accepting the meme-inspired cryptocurrency dogecoin as payment.

Geometric Energy Corporation revealed the dogecoin-funded project on Sunday but did not reveal the mission’s monetary value.

“We’re excited to launch DOGE-1 to the Moon!” SpaceX Vice President of Commercial Sales Tom Ochinero was quoted as saying in the statement released by Geometric Energy. “This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.”

Musk announced on Twitter in April that SpaceX would place a “literal Dogecoin on the literal moon.”

On Sunday, Dogecoin lost more than a third of its value after Musk referred to it as a “hustle” during his appearance as a guest host on the comedy sketch TV show “Saturday Night Live.”

This year, Musk’s tweets transformed the once-obscure digital currency, which started as a social media joke, into a speculator’s dream.

Tesla Inc, of which Musk is CEO, announced in February that it had purchased $1.5 billion in bitcoin and would soon embrace it as a form of payment for its electric vehicles, a significant step toward mainstream adoption that sent bitcoin to a record high of nearly $62,000. (Bengaluru-based Kanishka Singh contributed reporting, and Daniel Wallis edited the piece.)

Source: ReutersTwitter

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