Bitcoin maybe outer space currency

Published on : Wednesday, November 27, 2013

outer space currencyNow that Bitcoin is being accepted by Richard Branson’s Virgin Galactic, look for the encrypted currency to be the official currency of outer space.

 

Bitcoin—the nationless, encrypted currency of uncertain origins and backed by absolutely
nothing other than its users belief it has value—is just begging to become the official currency of outer space.

 

And now that Richard Branson said his space tourism startup Virgin Galactic has accepted
its first payment for a ticket to space in Bitcoin, the process has officially begun. By the year 2030 space tourism could generate as much as $100 billion in commercial revenue every year, with total annual revenues possibly reaching $1 trillion, according to a report by SpaceFuture founder and professor of economics at Azabu University in Japan, Patrick Collins.

 

With travel agents, rocket ship and reusable aircraft manufacturers, high-altitude balloon
adventurers and hoteliers already looking to turn a profit in space, there’s already plenty
opportunities for space-age startups to follow Virgin Galactic and embrace a new kind of
currency.

 

In the last week alone the University of Nicosia in Cyprus became the first educational
institution to offer a Master’s degree in Bitcoin, and Vanity Cosmetic Surgery became the first company to offer breast augmentation for Bitcoin.

 

Later this week, the first official Bitcoin Black Friday will take place designed to bring the rest of the global economy into the Bitcoin universe—in spite of the fact that governments around the world are rushing to figure out how the currency will impact their own national economies, especially the United States.

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