SpaceX will launch the “DOGE-1 Mission to the Moon” in the initial quarter of next year, with Elon Musk’s industrial rocket enterprise accepting the meme-inspired cryptocurrency dogecoin as payment.
Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, with the statement not disclosing the mission’s economic worth.
“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 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 lost more than a third of its price tag on Sunday, right after Musk referred to as it a ‘hustle’ for the duration of his guest-host spot on the “Saturday Night Live” comedy sketch Television show.
Musk’s tweets this year turned the when-obscure digital currency, which started as a social media joke, into a speculator’s dream.
Electric carmaker Tesla Inc, exactly where Musk is CEO, mentioned in February it purchased $1.5 billion worth of bitcoin and would quickly accept it as a kind of payment for its electric automobiles, a substantial stride toward mainstream acceptance that sent bitcoin soaring to a record higher of practically $62,000.
(This story has not been edited by TheSpuzz employees and is auto-generated from a syndicated feed.)