Virgin Galactic now accepts Bitcoin as payment into space

By VCPOST Staff Reporter

Nov 22, 2013 09:14 PM EST

A Hawaiian stewardess made history on Friday as she became the first person to purchase a USD 250,000 Virgin Galactic space ticket using Bitcoin.

Bitcoin, the world's most popular digital currency value peaked at over USD 900 on some exchanges before settling in at USD 800 today. With that in mind, it is still in its volatile phase for real business transaction but Virgin immediately transferred the bitcoins into flat currency to lock in the ticket price.

The stewardess was an early adopter who bet early and large on Bitcoin and is now effectively using the virtual currency to bag her a seat into space. A few years ago, Bitcoin was worth pennis, today, that is no longer the case - not by a very long shot.

Virgin Galactic CEO, Sir Richard Branson was the one who revealed about the ticket purchase to the public during an interview with CNBC. He himself also has invested in Bitcoins and is bullish on the currency which fits his persona really well with regards to risk-taking and at at the same time, cutting-edge.

So at the end of the day, should the stewardess want a refund, she will only be able to get it back in U.S dollars rather than Bitcoin.

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