Virgin Galactic to accept Bitcoin for space flights
Richard branson accepts the BitCoin currency as a form of payment for his space shuttle experience.
BitCoin is a crypto currency which is solely based on the internet and has no central bank, they currency is formed by algorithmic problems being solve by BitCoin miners, some people call bit coin a highly unstable currency, however some say its the currency that can stop inflation, bit coins has reached lows of under 100$ and last week hit a high of 700$ per bit coin.
Richard branson states, “I have invested in some bitcoins myself and find it fascinating how a whole new global currency has been created,” Branson said. “For people who can afford to invest a little in bitcoins, it’s worth looking into.”
Flights on Virgin Galactic cost $250,000; passengers can cancel up to three months before departure
I believe that this is a great idea, however branson might be making a huge loss, as it is a time consuming process to convert btc into us dollars and during this time he the worth of bitcoin may drop.
Bitcoin seems like a promising currency however, i dont really see any use for it then to make more money that already exists, i have my self invested in btc only to make more gbp, notable thing btc has been used for is the transaction of drugs anonymously etc... so this could have stained its name
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