Will Ethereum’s space travel push help boost its price further? | Credit: Gemini.
Key Takeaways
Jeff Bezos’ space company has expanded crypto payments to include Ethereum.
Ethereum’s price rally has been driven by optimism around the Fusaka upgrade and renewed institutional demand via ETF inflows.
Technical risks remain despite the breakout.
Ethereum surged above the $3,200 mark in early trading on Jan. 5, extending a recent rally as Jeff Bezos’ space company Blue Origin said it will accept ETH for commercial spaceflight payments.
As signs grow that Ethereum is entering the mainstream, the question now looms on whether ETH’s price can continue rocketing higher.
Blue Origin, founded by Amazon’s Jeff Bezos, is now offering Ethereum payment for a seat aboard its rocket ship, according to Solid Intel.
The report comes after the firm announced it would accept Bitcoin (BTC) as payment in August, allowing them to get a seat on a New Shepard suborbital rocket.
Blue Origin now also covers Solana (SOL) and U.S. dollar-pegged stablecoins such as USDT and USDC.
The initiative was rolled out through a partnership with payments processor Shift4, allowing customers to pay directly from digital wallets such as Coinbase and MetaMask for future commercial flights.
In 2021, the company auctioned its first seat for $28 million, won by TRON founder Justin Sun.
While Blue Origin has not disclosed the full price of a ticket, a refundable deposit is understood to start at around $150,000.
Web3 security firm OneSafe said Blue Origin’s move signals more than a simple expansion of payment options, framing it as a broader shift in how high-value industries may approach finance.
“This pivot to crypto payments by Blue Origin is more than an endorsement; it’s a bold statement about the future of aerospace finance,” OneSafe said, adding that by embracing digital currencies, the company is “opening the door for a wave of innovation.”
According to OneSafe, the decision by a major space tourism player to accept cryptocurrencies raises fresh questions about the asset class’ growing legitimacy.
“The acceptance of these assets by a major player in space tourism highlights cryptocurrency’s potential to revolutionize high-stakes transactions across multiple domains,” the firm said.
Beyond payments, OneSafe pointed to deeper implications at the intersection of space exploration and blockchain.
Blockchain’s transparency and security features could help address logistical and data-protection challenges in aerospace, from tracking spacecraft components to safeguarding mission-critical information, the firm said.