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This is how Starlink works, Elon Musk’s internet and blockchain technology

Starlink and cryptocurrencies in business. (photo: cryptoshitpurchase)
Starlink and cryptocurrencies in business. (photo: cryptoshitpurchase)

star link It is beginning to take its steps in different companies, so from now on it is possible that many people will begin to hear that different businesses already use this service.

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Also, payment with cryptocurrencies It is also being a trend in different sectors, such as hotels.

For this reason, TechMarkup will first explain everything you need to know about Starlinkthe project of Internet by satellite of Elon Muskthe creator of companies Tesla Y SpaceXas well as the benefits of paying with cryptocurrencies in the companies and finally, some examples of businesses that are already using these technologies.

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what is star link

Starlink is the service of satellite internet which is developed by Elon Musk’s SpaceX. The idea of ​​this project is put thousands of satellites into orbit to bring the Internet to every corner of the planet, including rural areas with less coverage.

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The idea of ​​the Starlink company is to have around 12,000 satellites in orbit, and then a person or a company can pay a monthly fee to connect from anywhere with the device that you have Nor is the idea to compete with fiber or 5G connectionsbut to complement both offers with yours.

It is marked that connections by Starlink achieve speeds between 50 Mbps and 150 Mbps, with a latency between 20 and 40 milliseconds.

Therefore, it is more of a network designed for those geographical areas where fiber does not reach, and 4G or 5G connections fall short. In these cases then you will have the alternative to opt for this other alternative.

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Star link. (photo: The latest in Techno)
Star link. (photo: The latest in Techno)

How Starlink works in a home or business

In a business or home, the person who contracts the service will receive a kit to mount the antenna on the spot. This is configured for a specific geographical area, that is, it cannot be provided.

The antenna must be plug in and point to the skyand this will work with the router that is included in the kit, and with it you will have the connection in the exact location.

As indicated on the Starlink website, the kit’s antenna must be placed in an elevated area and/or free of obstacles, such as a tree, a chimney or a lamp post. Any of these obstacles can interfere with the connection and leave you without internet.

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Also, Starlink has a quite high price. Next, you can see an example of an order that is made from Lima, Peru, taking into account that The monthly fee for this service is USD$99:

Starlink request. (photo: www.starlink.com)
Starlink request. (photo: www.starlink.com)

What benefits the incorporation of payment with cryptocurrencies in businesses

If many companies already accept credit cards, debit cards and cash as a means of payment, why not accept bitcoin and other payment methods with cryptocurrencies?

cryptocurrencies are virtual currencies that are created and stored electronically. You will never be able to have a Bitcoin or a Litecoin in your hand because they only exist in the virtual world and emerged with the aim of becoming a medium that would allow exchange of goods and services without the need for an intermediary.

Physical representations of four digital currencies on a computer motherboard. (photo: REUTERS/Dado Ruvic)
Physical representations of four digital currencies on a computer motherboard. (photo: REUTERS/Dado Ruvic)

According to George Levi, Udemy Instructor, Founder of Blockchain Institute of Technology, and Director of Blockchain and Digital Economy at blocksEDU explains 2 Benefits of having this payment method in business:

one. It’s very easy to do

All you need is an electronic wallet (or wallet) to make transactions and approach a Exchangethat is, to an intermediary, if it is desired that as soon as the payment is made, the conversion of bitcoin to dollars is made without worrying about anything in each transaction.

2. Better commissions and more security

The broker you choose will typically charge around 1% commission per transaction, while accepting a credit card can cost you up to 3% or 4%.

In addition to the fact that a definitive cryptocurrency transaction is carried out practically at the moment and since it is secure, it would be protecting itself from fraud and abusive clients who want to make improper returns.

Photographic illustration depicting the bitcoin cryptocurrency. (photo: REUTERS/Dado Ruvic)
Photographic illustration depicting the bitcoin cryptocurrency. (photo: REUTERS/Dado Ruvic)

Examples of businesses that have the Starlink service and payments with cryptocurrencies

Recently, it has been announced that the Hotel Tabachín, located in Puerto Escondido, Oaxaca, Mexico, is innovating by becoming one of the first properties to use Starlink in Mexico, as well as joining the digital economy by accepting payment with cryptocurrencies.

This new payment method will add Tabachín to the list of destinations that accept digital paymentsattracting a world market.

On the other hand, there are more businesses that accept payment with cryptocurrencies. Teslawhich allows you to buy cars with Bitcoin, Norwegian Airlines either Just Eat France are some examples.

Investment funds such as black rock either fidelity have included Bitcoin as an option for their portfolios and even public administrations such as the Miami City Hall They accept them as a form of payment.

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