Monday, December 16, 2019

Erik Finman Provides Crypto to a School in Africa… Through Outer Space

In the past, Live Bitcoin News has reported on Erik Finman, a 20-year-old high school dropout who became a serious bitcoin connoisseur. Now, he’s using his knowledge and power in the crypto industry to send digital currency to the residents of Ghana through space as a means of providing citizens with appropriate financial means.

Finman Sees the Power of Crypto

The “crypto space drop,” as it has come to be known, occurred in early November. Finman beamed the cryptocurrency into a string of satellites and down through an antenna on Earth. While we’ve all heard of “airdrops” before, this is the first time such an event has happened through outer space.

In an interview, Finman explains:

We wanted to show that [this would work] even in the most remote places that don’t have the most functional of infrastructure, money infrastructure, financial infrastructure.

The digital currency released to Ghana in this case is known as MTL, and it was sent to St. Mary’s School in Korle Gonno. The money will be used to build the school up, which is presently in a state of disrepair. School heads have already said they’re looking to rebuild chairs, tables and desks to help students learn.

MTL is the official cryptocurrency of Metal Pay, which Finman invested in last August. In a statement four months ago, Finman expressed how confident he was in Metal Pay, explaining that it was a “Facebook killer.” He commented:

If I need it, I’m willing to put all my bitcoin money into this. I’m willing to bet it all.

One of the satellites used to beam the money down to the recipients was launched by Finman himself over a year ago.

Finman first got involved in bitcoin at the age of 12. He received a $1,000 check from his grandmother, and he made a deal with his parents that if he could invest the money and become a millionaire by the time that he was an adult, he would not have to attend university.

Making It Big… And Rich

His parents agreed to the “bet,” and to their surprise, Finman invested the money in bitcoin and hit the seven-figure mark through his investment by the time he was 18 (this was when bitcoin had reached its all-time high of nearly $20,000 in December 2017).

True to their word, his parents did not force him into four years of college. Instead, Finman has utilized the time to engage with many crypto startups and build his presence within the space. He has since grown so rich off his investments that he’s managed to buy an apartment in San Francisco, CA and a new luxury vehicle. He is also a Silicon Valley executive, having recently started a new digital currency venture known as Coin Bits.

The post Erik Finman Provides Crypto to a School in Africa… Through Outer Space appeared first on Live Bitcoin News.



Erik Finman Provides Crypto to a School in Africa… Through Outer Space