Tags: winklevoss | twins | space | bitcoins

Winklevoss Twins' Space Trip Funded Entirely With Bitcoins

Thursday, 06 Mar 2014 02:26 PM

By Michael Mullins

The Winklevoss twins are going to space, courtesy of a $250,000 payment to Virgin Galactic that they paid for entirely in bitcoins — the controversial decentralized digital currency in which the Winkevosses have invested substantially.

Cameron and Tyler Winklevoss, who famously accused Facebook 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.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll



"Cameron and I have decided to use our bitcoin to take the plunge, or rather propulsion, into space," Tyler Winklevoss wrote on the twins' Winklevoss Capital blog on Wednesday. "Why? Because Bitcoin and Sir Richard Branson’s Virgin Galactic are two technologies that meaningfully represent our focus at Winklevoss Capital — the reduction of pain-points and friction in an effort to build a better world."

"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," Winklevoss added.

The Winklevoss twins reportedly own approximately 40,000 bitcoins, which is equivalent to about $27 million, Entrepreneur.com reported.

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.

According to Virgin Galactic, the company’s first space flight is expected to take place in the second half of this year, and will include Branson and his family on board, CNN Money reported.

Tyler Winklevoss subsequently posted on Twitter that he and his brother are officially Virgin Galactic "astronauts" 700 and 701, Entrepreneur.com noted.

Editor's Note: Do You Support Obamacare? Vote in Urgent National Poll

Related Stories:

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

The 2016 'Book Race': GOP Candidates Like Ben Carson, Huckabee Sell Like Hotcakes

Friday, 30 Jan 2015 20:50 PM

If potential Republican presidential candidates' recent book sales are a strong indication of their electability, then B . . .

Smoke on Boston Train Scares Passengers Who Bust Out Windows to Escape

Friday, 30 Jan 2015 19:37 PM

A commute on Boston's Red Line Thursday morning turned into chaos as smoke filled the train and passengers broke out win . . .

Seth Jackson Sentence: Foster Dad Gets 32 Months in Hot Car Death

Friday, 30 Jan 2015 18:50 PM

Kansas foster dad Seth Jackson was sentenced to 32 months in prison Friday for the July death of a 10-month-old girl who . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved