Will “Mission to Moon” by SpaceX result in further mainstream growth of cryptocurrency??


Elon Musk's commercial rocket venture, SpaceX, will launch the "DOGE-1 Mission to the Moon" in the first quarter of next year, accepting the meme-inspired cryptocurrency dogecoin as payment.
The dogecoin-funded mission was revealed by Geometric Energy Corporation on Sunday, but the mission's financial value was not disclosed.

In a statement released by Geometric Energy, SpaceX Vice President of Commercial Sales Tom Ochinero was quoted as saying, "We're excited to launch DOGE-1 to the Moon!" "This mission will show how cryptocurrencies can be used beyond Earth orbit and lay the groundwork for interplanetary commerce."

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In April, Musk announced on Twitter that SpaceX would place a "literal Dogecoin on the literal moon."

On Sunday, Dogecoin lost more than a third of its value after Musk referred to it as a "hustle" when appearing as a guest host on "Saturday Night Live."

This year, Musk's tweets transformed the once-obscure digital currency, which started as a social media joke, into a speculator's dream.

Tesla Inc, whose CEO is Elon Musk, announced in February that it had purchased $1.5 billion in bitcoin and will soon embrace it as a form of payment for its electric vehicles, a significant step toward mainstream adoption that sent bitcoin to a record high of nearly $62,000.


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