A 21-year-old high school dropout and Bitcoin millionaire Erik Finman beamed cryptocurrency down from outer space to a school in the Greater Accra Region of Ghana on November 4.
According to tom Business Insider, Finman bought $1,000 worth of bitcoin at the age of 12 in 2011, when each bitcoin was worth $10 to $12. Today he holds 446 bitcoin, which at Friday’s price was worth $7,243 each, for a total value of $3.2 million.
Finman is calling his latest endeavor a “crypto space drop,” by which cryptocurrency can be sent through a constellation of satellites to an antenna on Earth. Finman told Business Insider that the crypto space drop has applications for communities with little to no infrastructure.
Business Insider reported that Erik sent $1,000 worth of MTL in the crypto space drop to St. Mary’s School in Korle Gonno in the Greater Accra Region of Ghana, which used the funds to repair the school’s roof and construct benches and tables.
MTL is the cryptocurrency used by cryptocurrency platform Metal Pay, which launched in August with Finman as an investor. Finman called Metal Pay the “the Facebook Libra killer,” saying “If it needs it, I’m willing to put all my bitcoin money into this” and “I’m willing to bet it all” in his Metal Pay announcement video.