Virgin Galactic accepts Bitcoin

Sir Richard Branson is a cool guy. In 1972, he opened a chain of record stores named Virgin Records. He started his own record label and later on Virgin Megastores. Branson`s Virgin brand grew rapidly during the 1980`s and he expanded the Virgin Records music label.

Branson is the 4th richest citizen of the United Kingdom, and have 400 different companies. One of them is Virgin Galactic, and that is the space-flight branch of Sir Richard Branson`s empire.

The interesting thing about this company right now is that they is planning to use the virtual currency Bitcoin to be used for buying tickets to space. “All of our future astronauts are pioneers in their own right, and this is one more way to be forward-thinking,” Richard Branson said.

He compared innovations in flight to innovations in currency and speculated that “the days of carrying cash and coins could soon be over”.

Bitcoin has a growing support from investors including China. They belive the decentralised currency could hold long-term promise as an alternative form of payment. Virgin Galactic is the highest-profile company to endorse the currency. Bitcoin is traded on MT Gox exchange and so far this year the currency have skyrocketed!

The first bubble started in October 3rd, 2010. The BTC price was $0,06. Then the price crashed down to $0,01 and a massive selloff and buying frenzy started. The third major bitcoin bubble is occurring right now. News today: Non-Farm Employment Change & Unemployment Rate at 8:30am, Preliminary UoM Consumer Sentiment at 9:55am.


Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Leave a comment

Filed under Crypto

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.