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- Dogecoin value did not touch the Moon but will become a part of the Lunar mission
- Dogecoin will be used as a currency for the first-ever commercial lunar payload in history.
- SpaceX Vice President of Commercial Sales Tom Ochinero confirmed the news.
While it is not sure if Dogecoin value will touch the Moon, a Canadian-based company is reportedly going to use the meme-based cryptocurrency to pay SpaceX to take a satellite to the Moon. Coindesk reports that dogecoin (DOGE, -4.38%) will be used as a currency for the first-ever commercial lunar payload in history.
The DOGE-1 payload will be launched aboard a SpaceX Falcon 9 rocket in Q1 2022.
The Shiba Inu themed cryptocurrency will be used by the Canadian-based company to cover the cost of launching a satellite into the Lunar Orbit by SpaceX. Geometric Energy Corp. is launching the DOGE-1 Mission to the Moon aboard a SpaceX Falcon 9 rocket in the first quarter of 2022.
Interplanetary commerce
In a press release quoted by Coindesk, SpaceX Vice President of Commercial Sales, Tom Ochinero said that the launch of DOGE-1 would demonstrate the viability of cryptocurrency beyond our planet and lay the foundation of interplanetary commerce.
The satellite will obtain lunar spatial data with the help of sensors and cameras on-board using communications and computational systems, GSC said in the statement.
Cryptocurrency beyond our planet
SpaceX is the dream project of billionaire Elon Musk, also known as one of the staunchest supporters of cryptocurrency, especially the meme-based dogecoin.
The crypto was started as a joke in 2013, but its prices have appreciated by 11,000%. Dogecoin has found increasing acceptance courtesy ElonMusk’s tweets. The affable cryptocurrency is now used as a payment for a trip to the Moon.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
