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Branson Will Accept Bitcoin for Virgin Galactic

by Betsey Lippmeier

branson

 

Sir Richard Branson announced on Friday that Virgin Galactic will accept the virtual currency, Bitcoin.

Bitcoin is a payment network that uses peer-to-peer technology to facilitate instant payments without the fees charged by payments processors. Bitcoin issuance and transactions are carried out collectively by the network, with no banks or central authority.

 

For more on Bitcoin, try Business Insights: Essentials or Business and Industry available remotely with a Metro Boston Library Network card or ecard.

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