Quick take:
The partnership is anchored by a strategic token swap between the two companies.
It follows Spacecoin’s launch of three satellites into orbit in November, as it continues to build a constellation over the past three years.
This new internet demands financial infrastructure purpose-built for global scale, and World Liberty Financial enables that capability, Spacecoin wrote.
Spacecoin, a decentralised satellite internet connectivity service provider, and World Liberty Financial, a technology conglomerate investing in digital assets, AI, and clean energy, have partnered to build solutions at the intersection of decentralized finance (DeFi) and satellite internet connectivity, anchored by a strategic token swap between the two companies.
Spacecoin believes it provides the financial infrastructure required to scale decentralized satellite internet connectivity.
Spacecoin has been building a constellation of satellites in orbit over the last three years as it seeks to achieve that goal. This announcement comes on the heels of its recent launch of three satellites in November.
The company believes that its partnership with World Liberty Financial marks the beginning of a journey to developing new solutions that converge the decentralized technology of finance and satellite internet connectivity.
Commenting on the announcement, Zak Folkman, Co-Founder of World Liberty Financial, said that Spacecoin is addressing a real infrastructure problem — expanding internet access by building connectivity from space.
“What stood out to us is the focus on execution and long-term utility. USD1 is intended to support payment and settlement activity in the real world, and partnerships like this are focused on exploring payments, settlement, and coordination in environments where traditional financial rails may be limited,” he said.
Tae Oh, Founder of Spacecoin, believes his company’s efforts so far have only been able to address half of the problem, stating that “True digital freedom also requires access to robust, fair, and open financial services.”
“Partnering with World Liberty Financial, a provider of compliant and trusted DeFi solutions, means when our users come online for the first time, they can have access to one of the most important internet capabilities: to financially transact,” he said.
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The post World Liberty Financial and Spacecoin Partner to Build Solutions for Decentralized Satellite Internet appeared first on NFTgators.
