Elon Musk’s SpaceX will accept the meme-inspired cryptocurrency dogecoin as a way of payment for the “DOGE-1 Mission to the Moon” in the first quarter of next year.<\/p>\n\n\n\n
Musk tweeted last month that SpaceX would put a “literal dogecoin on the moon,” turning the digital currency from a joke in the crypto ecosystem to a speculator’s dream.<\/p>\n\n\n\n
The Geometric Energy Corporation announced the mission on Sunday but did not provide details of the mission’s financial value.<\/p>\n\n\n\n
During Musk’s guest appearance on the comedy sketch TV show “Saturday Night Live,” he called dogecoin a “hustle” that cost the digital currency a third of its value Sunday night.<\/p>\n\n\n\n
Since it appeared on the market as memecoin, dogecoin has risen by more than 800% compared to the previous month and is now the fourth-largest digital currency with a market capitalization of 73 billion dollars, reaching a record high of 0.73 dollars last Thursday.<\/p>\n\n\n\n
Musk’s Tesla bought $1.5 billion worth of bitcoin and would soon allow it as a way of payment for his electric cars, increasing its acceptance in the mainstream. Bitcoin has so far risen to a record high of $62,000.<\/p>\n\n\n