Virgin Galactic Now Accepting the Digital Currency Bitcoin

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Virgin Galactic Now Accepting the Digital Currency Bitcoin
Virgin Galactic Now Accepting the Digital Currency Bitcoin

Virgin Galactic Now Accepting the Digital Currency Bitcoin

Maverick British billionaire Sir Richard Branson informed the world that his commercial space flight company Virgin Galactic is now accepting the digital currency Bitcoin. He tweeted that now travelers can pay in Bitcoin to buy a ticket into space.

Though he is not new to digital currencies as he has invested heavily before, this decision is quite significant. Branson also informed that a “future astronaut,” a female flight attendant from Hawaii, has already purchased her space travel ticket using Bitcoins.

In his blog Branson writes that Virgin Galactic is one of the universe’s most exciting, futuristic companies and quite similar to the nature of Bitcoin, the virtual currency, which has really captured the imagination recently as one of the world’s most innovative businesses looking to the future. He thinks that it is about time Virgin Galactic customers can choose to pay with Bitcoins.

Branson also appreciated the new developments taking place in Bitcoin and said that he has invested in some Bitcoins, and finds it fascinating how a whole new global currency has been created. He also mentioned how Bitcoin is making great inroads as new organizations and people have started accepting them. He cited the recent decision by a Cyprus university that allowed students to pay in Bitcoin.

When the world of travel is rapidly advancing, the world of payments is changing fast too and according to Branson Virgin Galactic, a company looking into the future, is going to accept Bitcoin, a futuristic currency. He wrote that it makes sense when Virgin Galactic offers Bitcoin as a way to pay for a journey to space.

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What is Virgin Galactic?

Virgin Galactic should not be confused with Virgin Atlantic which is an airline services provider from Sir Richard Branson; rather, it is a company within Richard Branson’s Virgin Group which plans to provide suborbital spaceflights to space tourists, suborbital launches for space science missions, and orbital launches of small satellites.

According to the company sources from Virgin Galactic the company hopes to offer orbital human spaceflights as well. Currently, Virgin Galactic’s spacecraft is launched from a large airplane, giving the spacecraft more initial speed and altitude than if it were launched from the ground.

Sir Richard Branson Appreciates the Way Bitcoin is Moving Up

He writes that the value of a Bitcoin has appreciated rapidly over the last few years since its formation in 2009. Its growth fueled by views that a virtual currency can become an alternative to traditional methods of payment has become mainstream now as it recently touched the high mark of $900 on Mt.Gox Bitcoin exchange.

He rued that though Bitcoins aren’t yet formally recognized by governments as a currency, there is still a hope for them as several countries consider them bonafide modes of payment. Currently, a ticket to outer space aboard Virgin Galactic costs US$250,000.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com