Virgin Galactic Will Accept Bitcoin as Payment for Space Flights


Skift Take

Are these companies' well-timed announcements a marketing ploy to drive attention to their own travel ventures? Probably, but it is also the start of a trend that other companies will follow -- for however long the bubble blooms.
Travel industry mogul and founder of space travel company Virgin Galactic Richard Branson is a big fan of Bitcoin. And today he announced that the first company to take regular travelers to space will also accept Bitcoin as payment. Bitcoin is a decentralized digital currency that can be traded online. Users avoid bank fees, their accounts can not be frozen, and there are no prerequisites to getting started. Branson draws a comparison between the criticisms of Bitcoin an