FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Blockchain, Bitcoin In Space. Also, Florida

Grace NotobyGrace Noto
September 16, 2016
in Payments
Reading Time: 2 mins read
0
Share on Facebook

You might have seen Ripple’s news yesterday, but turns out that is not the only big development in blockchain this week—it’s now exploring the final frontier. Yep, that’s right: blockchain in space.

If you don’t know, Ripple raised $55 million in funding yesterday, as well as adding seven new banks as clients, so its innovations in blockchain are definitely something to keep watching. And now space:

Earlier this week, the SolarCoin Foundation—a company that offers rewards in virtual currency for electricity generated by solar power generators—announced a partnership with Cloud Constellation, a cloud satellite startup which aims to provide data centers on satellites orbiting the planet.

Reportedly, SolarCoin will acquire data storage on Cloud Constellation’s network of satellites, known as the SpaceBelt, a conglomeration of low-orbiting satellites which will cross-connect existing satellite communications to provide the data the company is offering partners, like SolarCoin.

The spot on SpaceBelt’s network will enable the solar-blockchain-rewards company (those are three words I never thought to string together) to ensure better security of its blockchain wallets—since, you know, the wallets will be stored in space.

Cloud-mining-bitcoin (another interesting triad of words) company Genesis Mining has also brought its blockchain technology into orbit; the company released a video on its YouTube channel yesterday documenting the world’s first peer-to-peer bitcoin transaction in the stratosphere.

As you can see in the video below, the bitcoin transaction took place at an altitude of 34,000 kilometers above the Earth, and was done on August 30.

In other exciting cryptocurrency news, the Sunshine State is not about to be outdone by outer space—Florida Senator Dorothy Hukill is in the process of drafting a bill that would classify bitcoin and other virtual currencies as actual money.

“We want to make sure we’re encouraging good usage of digital currency—it is something that is going to become much more frequent, more businesses will accept it,” says Senator Hukill of the proposed bill, which should be discussed in committee for the first time in March of this year, adding that by drafting this legislation she is hoping to get ahead of the potential problems and security risks Florida consumers might face as virtual currency becomes a more popular type of payment

“I think it’s better not to wait until it’s such a significant problem in your state,” says Hukill.

To learn more about blockchain, join us at Bank Innovation Israel this November 1-3 in Tel Aviv. Learn more and register here.

Tags: BitcoinBlockchainBlockchainRipplestartups
Previous Post

Can Friends and Family Help Customers Save Money?

Next Post

Bank of the West Gets Serious About Digital Engagement

Related Posts

(CourtesyBenjamin Girette/Bloomberg
Payments

Global head of Spring by Citi: Agentic commerce readiness markers

August 14, 2026
RBC building in Toronto
Payments

Francisco to buy payments firm Moneris from RBC, BMO for $1.4B

August 11, 2026
Interior of a Cloudflare office building with signage
Payments

Nonhuman traffic surpasses human traffic on Cloudflare network

August 7, 2026
Next Post

Bank of the West Gets Serious About Digital Engagement

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account