Technology has transformed industry after the industry, and is now revolutionizing money and the way
People save and trade with each other. Are we finally free of banks?
In less than a decade, Bitcoin has gained impressive adoption and is now at the heart of innovation,
Leading the denir function
The future of money. To accelerate this future, Blockstream is happy to announce
The Blockstream Satellite - another step on the journey for everyone on the planet to join Bitcoin.
Blockstream Satellite is the world's first service that transmits Bitcoin transactions in real time
Through a group of satellites in space. With the service, all will have free access to the Bitcoin network, in
Anywhere in the world, including the four billion people currently not connected to the Internet, due to
Lack of availability or accessibility.
At launch today, Blockstream Satellite is now available on 2/3 of the Earth; And reach global coverage -
For everyone on the planet - to the nal
of the year. As more people access Bitcoin's Blockchain with the
Blockstream Satellite, we expect to see even more adoption and use cases for Bitcoin, as well as a
Strength of the network.
Bitcoin disrupts and improves conventional systems
Since its invention in 2008, Bitcoin has captured the imagination and enthusiasm of innovators, investors and
Technologists around the world; These futurists see the value of a digital currency and payment system that
Is not controlled by governments, banks or companies, but rather where each user directly owns
money.
Consider the limitations of financial systems
Conventional currencies. For centuries,
Coins were issued and administered by governments, and the people who used them had little or no
No control over how their nuns
Operate. From time to time, the coins failed completely,
Leaving in the hand the people who were lying
In them.
Venezuela is an example. Earlier this year, due to Venezuela's economic collapse, hyperin-did
A note of 100 bolivares worth a little over a US dollar. Today, the volatility of Venezuela continues.
Foreign exchange crises like these are pushing more people to Bitcoin because it offers people more freedom
And control over your money in an uncertain world.
Consider other financial systems
Legacies. The online banking system, credit cards and PayPal have
Benefits, but are still controlled by institutions that may place limitations and restrictions on the use
their. Bitcoin dissolves these controls, allowing people to pay
Without having to open a bank account, get a credit card or work or
in
Centralized intermediaries.
The growth of Bitcoin brings new values, a new ideology and a new use to the world. IT IS
Decentralized, fed by the people who use it. It knows no frontiers, it is not a legal entity, and
No one controls. With Bitcoin, no one needs permission to negotiate with another person or company;
We simply transact as we see fit. This gives consumers, merchants and even
Whole economies more choices.
Blockstream satellite makes Bitcoin even more global
As the Internet has revolutionized communication, commerce, publishing, and other industries, Bitcoin is
Revolutionizing money and transferring value. Built on peer-to-peer technologies, it is inherently
Digital, free of central control and without permission. It will enable and connect users, matching the opportunity
And access and creating lasting long-term value.
Remember: The Internet was not built in just one day.
In order for Bitcoin to be truly transformative, it must be everywhere, available for
All, and this is what we have helped to make possible with the radically reduced cost of Bitcoin network access to
Blockstream Satellite - Bitcoin's mass-adoption tool.