Enabling Ultra-Secure Cryptocurrency Payments in FinTech

Spire's partnership with SpaceChain marks a significant milestone in the exploration of blockchain technology in space. SpaceChain became Spire's first blockchain client and a pioneer in utilizing blockchain in space. The European Space Agency provided funding to SpaceChain to develop a satellite-based multi-signature wallet for enhanced security in cryptocurrency transactions for financial technology and businesses. This collaboration resulted in the first successful blockchain transaction in space, secured through satellite communication. Spire's expertise in space-based software offerings proved invaluable in deploying this application securely and transmitting data reliably. The goal of SpaceChain was to increase security and encryption as cryptocurrency becomes more popular. They sought an international solution that would enable them to increase the scope of their application coverage in space.