DePIN project Spacecoin says plans to launch satellites to provide internet services to remote areas

BlockBeats reported that on September 4, Decrypt reported that the DePIN project Spacecoin plans to provide high-speed Internet services to underdeveloped areas by launching nanosatellites. Spacecoin said it will use blockchain technology to manage data transmission, and users can use cryptocurrency to pay for network fees. The first satellite CTC-0 is expected to be launched in the fourth quarter of 2024, with the goal of building a global 5G network at a lower cost to help narrow the digital divide.