Geometric Energy Corporation and SpaceX are about to launch a cargo spaceship arranged with DOGE to the moon. The companies would use DOGE to seal trades in upcoming missions to the moon and Mars.
Elon Musk called the cryptocurrency Dogecoin (DOGE) a “joke” on Saturday Night Live (SNL), and at the same time, his aerospace development company, SpaceX, negotiated a mission with that coin as a method of payment.
The Canadian company Geometric Energy Corporation (GEC) will launch a load on the DOGE-1 to the Moon mission, as it was announced this Sunday, May 9, through a press release.
GEC negotiated with SpaceX using the cryptocurrency based on a meme, which has risen more than 1,000% this year with the support of Elon Musk himself on his social networks. However, the press release is unclear about the amount of the negotiation.
The press release states that the agreement includes contributions between Geometric Space Corporation (GSC) and SpaceX to release a 40 kg cube of instruments for a lunar mission on a spaceship called Falcon 9 rocket, during the beginning of 2022.
Cryptocurrencies are the Future of the Space Sector
The company added in its statement that the payload will acquire lunar spatial intelligence from onboard sensors and cameras with integrated networks that will make communication easier and computer systems to ensure the success of the mission.
Samuel Reid, CEO of GEC, valued the negotiation with cryptocurrency and the future of the aerospace sector. and said that having negotiated with DOGE for an agreement of this kind, Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for the lunar business in the space sector,”
For his part, SpaceX Vice President of Sales Tom Ochinero said that a mission like this one will demonstrate how the application of cryptocurrency can be useful even beyond Earth orbit and lay the foundation for interplanetary commerce.
Finally, the statement establishes that the negotiation had also shown the speed, security, and reliability of DOGE. The two companies will use this cryptocurrency in future negotiations. With that mission, the text says, a precedent is set for future missions to the Moon and a planet like Mars.
Musk is the Main Promoter of Dogecoin
During DOGE’s current bull run, Elon Musk has been one of its main promoters. His comments or the simple mention of the cryptocurrency on each of his social networks creates a massive and positive impact on the price of the cryptocurrency, which has already exceeded the capitalization of some banks.
This weekend, the billionaire and founder of Tesla referred to DOGE as “a joke” during his guest appearance in Saturday Night Live, a comedic live show aired in North America. The mention of Musk on one of the most popular comedy shows on American television caused a crash that drove the price of the coin below $ 0.50 again.
However, the next day the news broke about SpaceX’s plans and Musk resumed his bullish stance on cryptocurrency. As of this writing, DOGE has risen more than 6% in 24 hours and is currently struggling to stay above the half dollar.
By: Jenson Nuñez