Billionaire Elon Musk literally brought Dogecoin to the Moon

“Dogecoin to the Moon”.

Billionaire Elon Musk’s SpaceX has just accepted Dogecoin as a form of payment, to carry out the mission to send the DOGE-1 satellite to the Moon.

DOGE-1 is a cube equipped with cameras and sensors, to be able to collect lunar space data. It is sent and paid for by a company called Geometric Energy Corporation. DOGE-1 will be carried to the Moon by a Falcon 9 rocket in early 2022.

Dogecoin is a cryptocurrency, created based on a joke and meme featuring the dog Shiba Inu. Recently, Dogecoin has grown in value rapidly, as individual investors believe that this cryptocurrency has the backing of billionaire Elon Musk. However, after the Saturday Night Live broadcast, with the participation of Elon Musk, took place this past weekend, the Dogecoin coin has dropped by 30% in value.

After this significant disappointment, individual investors are finally getting to see “Dogecoin to the Moon” literally. When a satellite called DOGE-1 will be launched by Elon Musk’s SpaceX to the Moon, and all costs are paid in Dogecoin.

Elon Musk also tweeted on his personal page: “Mission paid in Dogecoin. The first crypto to fly into space. The first meme to fly into space.

The CEO of Geometric Energy Corporation said that Dogecoin will be used in all business activities between the two companies. So, assuming all goes to plan, Dogecoin will help put the DOGE-1 satellite on the Moon.

However, experts warn that investing in Dogecoin is very risky.

Reference: theverge

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