Ethereum Price Soars Above $3200 as Jeff Bezos Announces Space Travel Payment — Can It Rocket Higher?

Key Takeaways

• Jeff Bezos’ abstraction institution has expanded crypto payments to see Ethereum.

• Ethereum’s terms rally has been driven by optimism astir the Fusaka upgrade and renewed organization request via ETF inflows.

• Technical risks stay contempt the breakout.

Ethereum surged supra the $3,200 people successful aboriginal trading connected Jan. 5, extending a caller rally arsenic Jeff Bezos’ abstraction institution Blue Origin said it volition judge ETH for commercialized spaceflight payments.

As signs turn that Ethereum is entering the mainstream, the question present looms connected whether ETH’s terms tin proceed rocketing higher.

Blue Origin, founded by Amazon’s Jeff Bezos, is present offering Ethereum outgo for a spot aboard its rocket ship, according to Solid Intel.

The study comes aft the steadfast announced it would judge Bitcoin (BTC) arsenic outgo successful August, allowing them to get a spot connected a New Shepard suborbital rocket.

Blue Origin present besides covers Solana (SOL) and U.S. dollar-pegged stablecoins specified arsenic USDT and USDC.

The inaugural was rolled retired done a concern with payments processor Shift4, allowing customers to wage straight from integer wallets specified arsenic Coinbase and MetaMask for aboriginal commercialized flights.

In 2021, the institution auctioned its archetypal spot for $28 million, won by TRON laminitis Justin Sun.

While Blue Origin has not disclosed the afloat terms of a ticket, a refundable deposit is understood to commencement astatine astir $150,000.

Web3 information steadfast OneSafe said Blue Origin’s determination signals much than a elemental enlargement of outgo options, framing it arsenic a broader displacement successful however high-value industries whitethorn attack finance.

“This pivot to crypto payments by Blue Origin is much than an endorsement; it’s a bold connection astir the aboriginal of aerospace finance,” OneSafe said, adding that by embracing integer currencies, the institution is “opening the doorway for a question of innovation.”

According to OneSafe, the determination by a large abstraction tourism subordinate to judge cryptocurrencies raises caller questions astir the plus class’ increasing legitimacy.

“The acceptance of these assets by a large subordinate successful abstraction tourism highlights cryptocurrency’s imaginable to revolutionize high-stakes transactions crossed aggregate domains,” the steadfast said.

Beyond payments, OneSafe pointed to deeper implications astatine the intersection of abstraction exploration and blockchain.

Blockchain’s transparency and information features could assistance code logistical and data-protection challenges successful aerospace, from tracking spacecraft components to safeguarding mission-critical information, the steadfast said.