Saturday, June 7, 2025
ModernCryptoNews.com
  • Crypto
  • NFTs & Metaverse
  • DeFi
ModernCryptoNews.com
No Result
View All Result

GEC Pays SpaceX in Dogecoin for Rebooking Delayed Mission

February 7, 2024
Reading Time: 2 mins read
0

[ad_1]

RELATED POSTS

Will MoonTaurus (MNTR) Overtake Avalanche (AVAX) and Dogecoin (DOGE) in 2024? Leading Analyst Believes It Could – TechBullion

Top Crypto Presale to Invest In – MoonBag Elevates Portfolios with 88% APY Amid DogLibre and Dogecoin’s Bold Promises – Blockchain Reporter

This Analyst Claims Dogecoin (DOGE) and Shiba Inu (SHIB) Are Struggling as Traders Turn to Competitors – Blockonomi

Geometric Power Company (GEC), a trailblazer within the burgeoning area business, has made a major transfer by paying SpaceX in Dogecoin (DOGE) to rebook the delayed Doge-1 satellite tv for pc mission. The cost marks a major milestone within the crypto area, underscoring the growing utility of the meme-inspired cryptocurrency.

Rising Utility of Dogecoin

The rebooking payment, paid fully in DOGE, signifies the cryptocurrency’s rising relevance in real-world transactions, notably within the pioneering area of area exploration. The satellite tv for pc mission, initially deliberate for a 2022 launch with the Falcon 9 rocket, was postponed as a consequence of ongoing work on the satellite tv for pc’s gear. This rebooking in DOGE is a primary of its form, making the mission a double first: the primary crypto and the primary meme in area.

The Delayed Doge-1 Mission

The delay within the mission was attributed to the unfinished growth of some crucial satellite tv for pc gear. Regardless of the postponement, GEC CEO Samuel Reid stays optimistic in regards to the mission’s prospects. He clarified that the delay was as a consequence of technical hurdles and never a scarcity of dedication or functionality. The rebooking places the Doge-1 satellite tv for pc on an open manifest foundation for a possible mission after the Intuitive Machines IM-1 mission.

Implications for Interplanetary Commerce

This cost, made in Dogecoin, could also be a harbinger of a brand new period in interplanetary commerce. The choice to just accept the meme-inspired cryptocurrency might revolutionize the dynamics of economic transactions past Earth’s orbit. Anticipation is excessive inside the DOGE neighborhood, because the mission is anticipated to show commercials whereas orbiting the moon, bringing a brand new stage of visibility to the cryptocurrency.

Regardless of the delay, GEC has obtained the mandatory approvals from the Nationwide Telecommunications and Info Administration (NTIA) and the Federal Communications Fee (FCC). Nonetheless, Reid didn’t specify a brand new launch date, suggesting the launch might happen with the IM-2 mission or one other future SpaceX launch, relying on when the satellite tv for pc is prepared and shipped to america from the UK.



[ad_2]

Source link

Tags: DelayedDogecoinGECMissionPaysRebookingSpaceX
wpadministrator

wpadministrator

Next Post

SEC Drops the Boomshell on Crypto & DeFi! Dealers Beware – Big Changes In Rule Unveiled

Origin Ether Leads Liquid Restaking Rally on PrimeStaked with over $20M Locked in One Day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFI
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • Xrp

Recommended

  • XRP Network Activity Jumps 67% In 24 Hours – Big Move Ahead?
  • Crypto Industry Contributed $18 Million To Trump’s Inauguration, Ripple Among The Top Donors
  • XRP Tops Weekly Crypto Inflows Despite Market Volatility – The Crypto Times
  • XRP Price Could Soar to $2.4 as Investors Eye Two Crucial Dates
  • XRP Eyes $2.35 Breakout, But $1.80 Breakdown Threatens Bearish Shift – TronWeekly

© 2023 Modern Crypto News | All Rights Reserved

No Result
View All Result
  • Crypto
  • NFTs & Metaverse
  • DeFi

© 2023 Modern Crypto News | All Rights Reserved