Wednesday, August 4, 2021

SpaceX Accepts Dogecoin for Upcoming Mission

In its continuing journey from meme to legitimate cryptocurrency, dogecoin will be used to pay for an upcoming SpaceX mission.

Although it was originally started as a joke, dogecoin is gaining acceptance as a legitimate cryptocurrency. In early May it surged to a $70 billion market cap, making it the fourth most valuable crypto. Meanwhile, Dallas Mavericks owner Mark Cuban announced the NBA team would accept it as payment.

Elon Musk has arguably been the biggest support of dogecoin, and his SpaceX company has now accepted it as payment for an upcoming mission to the Moon, called “DOGE-1 Mission to the Moon.” Canadian company Geometric Energy Corporation has paid SpaceX to transport a 40kg satellite. The transaction was made exclusively with dogecoin.

“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,” said Geometric Energy’s Chief Executive Officer Samuel Reid.

“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce,” said SpaceX Vice President of Commercial Sales Tom Ochinero. “We’re excited to launch DOGE-1 to the Moon!”

*Author holds a very small amount of Dogecoin that in no way influenced this article.

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