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Spacecoin and the Promise (and Pitfalls) of Banking the Unbanked
Manage episode 506102916 series 3474370
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This story was originally published on HackerNoon at: https://hackernoon.com/spacecoin-and-the-promise-and-pitfalls-of-banking-the-unbanked.
Spacecoin is merging satellites and blockchain to bank the unbanked — but will orbital finance overcome cost, regulation, and adoption hurdles?
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #spacecoin, #satellite-internet, #decentralized-internet, #banking-the-unbanked, #financial-inclusion, #low-earth-orbit-satellite, #blockchain-in-space, #unbanked-population, and more.
This story was written by: @IHODLem. Learn more about this writer by checking @IHODLem's about page, and for more stories, please visit hackernoon.com.
Spacecoin is building a satellite-powered, blockchain-based banking system to connect 1.4B unbanked and 3B offline people. It could bypass governments and infrastructure to deliver $2/month Internet and on-chain credit — but faces hurdles like device costs, regulation, and competition from Starlink. Its future depends on whether real communities adopt it, not just whether satellites reach orbit.
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