Erik Finman, the 20-year old, said the ‘crypto space drop’ endeavor was mean’t to ‘show that even the most remote places that don’t have the most functional of infrastructure, money infrastructure, financial infrastructure can benefit from cryptocurrencies.’
The crypto space drop was made possible by use of a satellite that included a crypto wallet dubbed ‘Project Da Vinci’ which is part of NASA’s Educational Launch of Nanosatellites (ELaNa).
St. Mary’s school in Korle Gonno in the Greater Accra Region of Ghana was the recipient of the crypto space drop. An antenna was built to receive the Metal (MTL) crypto from space, which was then converted to cash and delivered to the school’s headmistress. The crypto funds were then used to construct tables and benches for students at the school.
Finman bought his first bitcoins at the age of 12 back in 2011 at $10 – $12 per bitcoin. Today, he holds 446 bitcoin worthy approximately $3.2 million by today’s prices.
Finman sees the demonstration having applications for delivering crypto to locations without strong infrasctructure.
While the crypto space drop was a demonstration of what is possible, it opens up avenues into how charity programs and money transfers across Africa can be efficiently delivered by use of cryptocurrencies and help serve their intended purpose.
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