HOW SPACEX, GOOGLE, AND FACEBOOK MAY HELP BRING BITCOIN TO THE MASSES

NEW YORK (InsideBitcoins) – One of the most popular memes in the bitcoin community is that digital currency will be much more helpful to the developing world than it will be to people in the United States or Western Europe. Although this may be true, the reality is that many of these developing countries cannot take full control of everything bitcoin has to offer without a connection to the Internet.
More than 60% of the world’s population does not have access to the Internet, which means that same percentage of the world does not have access to bitcoin. In order for bitcoin to become a usable alternative to local fiat currencies and banks in certain parts of the world, the number of people who are online needs to dramatically increase.
The good news is that many companies have an economic incentive to bring more users online, which can also introduce them to the new possibilities created by bitcoin. Let’s take a look at the three projects for wider Internet access currently in development by SpaceX, Facebook, and Google.