SpaceX takes DOGE as payment to launch GEC’s DOGE-1 Mission to the moon

By: Jinia Shawdagor
Jinia Shawdagor
Jinia is a cryptocurrency and blockchain enthusiast based in Sweden. She loves everything positive, travelling, and extracting joy and happiness from… read more.
on May 11, 2021
  • The mission is set for Q1 2021 and it will involve deploying a 40Kg CubeSat to the moon.
  • Per GEC’s CEO, GEC and SpaceX have solidified DOGE as a unit of account for lunar business.
  • Tom Ochinero from SpaceX claims this mission will set the foundation for interplanetary trade.

SpaceX has accepted Dogecoin (DOGE) as payment to launch a lunar mission. A press release unveiled this news on May 9, noting that the Geometric Energy Corporation (GEC) had paid SpaceX to launch its DOGE-1 Mission to the Moon in DOGE. This deal became the first-ever commercial lunar payload to be fully paid in the Shiba Inu-inspired cryptocurrency. However, the firms did not disclose the details of the transactions.

According to the news release, the DOGE-1 Mission to the Moon will see Geometric Space Corporation (GSC) mission management join hands with SpaceX to deploy a 40kg CubeSat aboard the Falcon 9 rocket to the moon. With an aim to obtain spatial intelligence through sensors and cameras integrated into the CubeSat, this mission is slated for Q1 2022.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

The publication went on to disclose that GEC will join hands with POINTBLANK LLC to develop software and hardware for the upcoming mission. This collaboration will enable the addition of extra payload to include digital art in the form of space plaques, which will be issued by GeometricLabs Corporation and Geometric Gaming Corporation.

DOGE continues making moon shots

By enabling this mission, DOGE has proven to be a fast, dependable, and secure cryptocurrency that works where traditional banks can’t. To this end, the coin has cemented its position as the unit of account for all future lunar deals between SpaceX and Geometric Energy Corporation. Apart from this, DOGE has set an example for missions to Mars as well.

Commenting on this achievement, Geometric Energy’s CEO, Samuel Reid, said,

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.

Echoing Reid’s sentiments, the Vice President of Commercial Sales at SpaceX, Tom Ochinero said this mission would help illustrate the applications of cryptocurrencies beyond Earth, seeing as it would set the foundation for interplanetary commerce.

This news comes as DOGE continues trading bullishly despite the bearish trend in the crypto market today. At the time of writing, the coin is trading at £0.365 after gaining 0.51% over the past 24 hours and 6.38% over the last seven days. DOGE has a market cap of £47,276,521,516, which makes it the fourth-largest cryptocurrency by capitalization.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
10/10
67% of retail CFD accounts lose money