Winklevoss twins use Bitcoins to book trip to space

Advertisement
By Reuters | Updated: 6 March 2014 09:47 IST
You can't spend Bitcoins at Amazon.com or to pay your mortgage but, as the Winklevoss twins showed on Wednesday, you can use the digital currency to book a trip into suborbital space.

Cameron and Tyler Winklevoss, who famously accused Facebook Inc founder Mark Zuckerberg of stealing their idea, said they used Bitcoins to buy tickets for a high-altitude voyage on billionaire Richard Branson's Virgin Galactic commercial spaceflight venture.

The brothers, Olympic rowers who earned MBA degrees from Oxford University, have become Bitcoin evangelists and investors and are planning to launch a fund to make it easy to trade the digital currency on the stock market.

In a blog post, Tyler Winklevoss compared Branson's space endeavor and Bitcoin entrepreneurs to major historical figures who changed the way the world was perceived, like Marco Polo, Christopher Columbus, Vasco da Gama and Nicolaus Copernicus.

Advertisement

"It is in this vein that Cameron and I contemplate our tickets into space - as seed capital supporting a new technology that may forever change the way we travel, purchased with a new technology that may forever change the way we transact," he wrote.

Virgin Galactic, a U.S. offshoot of Branson's London-based Virgin Group, is selling rides on its SpaceShipTwo for $250,000.

The twins are not the first to sign up for Virgin Galactic using Bitcoins, but it is the highest-profile flight booking to date using the currency. Last November, Branson announced that a flight attendant from Hawaii had become the first person to pay for a seat with Bitcoins.

Advertisement

Bitcoin, a digital currency that is traded on a peer-to-peer network independent of central control, has seen its value soar in the past year as it gains attention from growing numbers of investors, entrepreneurs and regulators.

But the virtual currency's struggle for legitimacy has been shaken by recent debacles, including the collapse last week of Tokyo-based Mt. Gox, once the world's dominant Bitcoin exchange.

Advertisement

Few major retailers have begun accepting payment in Bitcoins, and critics say the currency's high volatility makes it unsuitable for everyday transactions.

The six-passenger, two-pilot SpaceShipTwo is hauled into the air by a twin-hull carrier jet and then released.

Advertisement

The upcoming flights are designed to reach altitudes of more than 65 miles (100 km) above Earth, high enough to see the curvature of the planet set against the blackness of space.

© Thomson Reuters 2014

 

Also seeCryptocurrency Prices across Indian exchanges

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. CMF Headphone Pro With Up to 100 Hours of Battery Life Launched: See Price
  2. Sandisk Launches Creator Series Storage Devices in India: Price, Details
  3. Flipkart Big Billion Days Sale: Top Deals Before It Ends on This Date
  4. YouTube Premium Lite is Now Available in India at This Price
  5. Five Reasons Why Samsung Galaxy S24 Ultra is The Biggest Deal of 2025
  6. Sony Finally Launches Its WH-1000XM6 Wireless Headphones in India: See Price
  7. Top Deals on Laptops Under Rs. 60,000 During Amazon Great Indian Festival
  8. Vivo Announces Android 16 Preview Program for Vivo and iQOO Smartphones
  9. Samsung Galaxy S26 Ultra Could Feature This Chipset and Camera
  10. War 2 OTT Release Date: When and Where to Watch To Watch Hrithik Roshan Starrer Action Mov
  1. Apple Releases iOS 26.0.1 Update With Fixes for Bluetooth, Camera, and Cellular Issues on iPhone 17 and iPhone Air
  2. WhatsApp Announces Support for Sharing Live Photos, Meta AI-Powered Chat Themes, New Sticker Packs, and More
  3. Physicists Identify Loophole in Heisenberg’s Uncertainty Principle While Preserving Its Validity
  4. SpaceX’s Falcon 9 Lifts Off Successfully From Vandenberg Space Force Base
  5. NASA Faces Uncertainty Over Space Plane Missions to ISS Before Its Deorbit
  6. SpaceX Falcon 9 Deploys 28 Next-Generation Starlink V2 Mini Satellites
  7. How To Train Your Dragon OTT Release Date: When and Where to Watch This Live Action Movie Online?
  8. War 2 OTT Release Date: When and Where to Watch To Watch Hrithik Roshan Starrer Action Movie
  9. Twisted Metal Season 2 Now Streaming on Sony LIV: Know Everything about Plot, Cast, and More
  10. Battlefield Maker Electronic Arts to Go Private in Record $55 Billion Leveraged Buyout
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.