International News May 9, 2021 8:12 PM EST

Figuratively and literally, Musk plans to take Dogecoin to the moon

Elon Musk's SpaceX has committed, together with Geometric Energy Corporation, to use Dogecoin exclusively for transactions between the two companies in an upcoming moon mission.

Figuratively and literally, Musk plans to take Dogecoin to the moon
James Anthony Montreal QC
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Elon Musk's SpaceX has committed, together with Geometric Energy Corporation, to use Dogecoin exclusively for transactions between the two companies in an upcoming moon mission.

The mission will use a SpaceX Falcon 9 rocket, and represents the first time a commercial payload will ever be delivered to the moon. It has now been dubbed the "DOGE-1" mission.

According to Yahoo News, Geometric Energy's CEO Samuel Reid said the following:

"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."

"This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce. We're excited to launch DOGE-1 to the Moon!" agreed SpaceX Vice President of Commercial Sales Tom Ochinero.

Other companies involved in the venture include Pointblank, Mimir Solutions and Iteration Syndicate. Geometric Labs and Geometric Gaming are also participating by sending space plaques on the rocket.

The mission also aims to launch a 40kg cubesat as part of its goals. It will also gather spatial-intelligence information along the way there and back, using the rocket's integrated array of sensors and cameras.

The launch date hasn't been set yet, but is slated for some point in the first quarter of the year 2022.

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