SpaceX Accepts Dogecoin As Payment To Launch A Lunar Mission Next Year

Musk mentioned in April that SpaceX was going to place a “literal Dogecoin on the literal moon”.(FILE)

SpaceX will launch the “DOGE-1 Mission to the Moon” within the first quarter of subsequent yr, with Elon Musk’s business rocket firm accepting the meme-inspired cryptocurrency dogecoin as cost.

Geometric Energy Corporation introduced the dogecoin-funded mission on Sunday, with the assertion not disclosing the mission’s monetary worth.

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

Musk mentioned on Twitter in April that SpaceX was going to place a “literal Dogecoin on the literal moon”.

Dogecoin misplaced greater than a 3rd of its worth on Sunday, after Musk referred to as it a ‘hustle’ throughout his guest-host spot on the “Saturday Night Live” comedy sketch TV present.

Musk’s tweets this yr turned the once-obscure digital foreign money, which started as a social media joke, right into a speculator’s dream.

Electric carmaker Tesla Inc, the place Musk is CEO, mentioned in February it purchased $1.5 billion value of bitcoin and would quickly settle for it as a type of cost for its electrical automobiles, a big stride towards mainstream acceptance that despatched bitcoin hovering to a file excessive of practically $62,000.

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *