SpaceX claims it will accept dogecoin as payment for an upcoming moon mission.
SpaceX claims it will accept dogecoin — the somewhat satirical but popular cryptocurrency — as payment for an upcoming mission.
Dogecoin is now at the Moon.
SpaceX will accept Dogecoin for upcoming moon mission
SpaceX, Elon Musk’s commercial rocket firm, will embark on a Moon voyage in 2022 carrying a so-called CubeSat. A mini-satellite will use for space research — from Geometric Energy Corp that’s been paid entirely in Dogecoin.
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The development is just the latest twist in the saga over the digital token, which started as a joke in 2013 but is now a dominating Internet meme and sitting on a 21,000 percent rally in the past year. Musk has been a key player in the drama, boosting the price with a succession of tweets in recent months.
Above all, The so-called DOGE-1 Mission to the Moon is the first commercial lunar payload in history paid entirely with Dogecoin, according to a statement from Geometric. The 40-kilogram CubeSat will launch aboard a SpaceX Falcon 9 rocket. The company did not specify the amount of Dogecoin involved in the transaction with SpaceX. There was no immediate response to questions emailed after-hours.
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Musk said on Twitter in April that SpaceX would put a “literal Dogecoin on the literal moon.”Dogecoin lost more than a third of its price on Sunday after Musk called it a ‘hustle’ during his guest-host spot on the “Saturday Night Live” comedy sketch TV show.
Musk’s tweets this year turned the once-obscure digital currency, which began as a social media joke, into a speculator’s dream.
The Bottom Line
On crypto data tracker CoinGecko.com, dogecoin has jumped more than 800% over the last month and is now the fourth-largest digital currency, with a market capitalization of $73 billion.
Mark Cuban, Snoop Dogg, and Gene Simmons are among the other celebrities who have boosted Dogecoin. At the same time, warnings abound that its rally is unsustainable and that buyers could lose all their money. The phrase “to the Moon” is often used to express the hope that an asset’s price will continue to rise. By ad large, Musk employed the term in a Twitter post referring to the lunar deal.
