Almaty. July 8.
Information Center - Kazakhstan-based Eurasian Space Ventures (ESV) company has
launched its two projects, Biteeu and Divine, using the space technology
of the SpaceX Falcon 9 rocket and in partnership with SpaceChain satellite
network, reported The Astana Times referring to the press service of ESV.
Biteeu plans to become the world’s first space
cryptocurrency exchange. Biteeu uses licensed and compliant digital assets
exchange programs from the European Union and Australia. Its main advantage is
marketed as a daily backup of operational and clientele data in low earth
Following its activation which is expected this fall, Biteeu
will process multi-signature Bitcoin transactions from space. This technology
requires more than one private key to authorize transactions from the crypto
wallet address, unlike the standard method with one signature.
Divine, on the other hand, is a charitable project that
deploys space technologies to transmit the texts of the Quran directly from
satellites. It is an educational platform that aims to provide a complete
understanding of the teachings of the Quran and a more equal access to the
sacred text, including full audio and text descriptions and explanations of the
meaning of the teachings in different languages.
“By using modern space technologies we are removing the
limitations of terrestrial infrastructure to reach more people around the
world. Divine is creating a new frontier of accessibility by taking the
technology beyond the internet to enable everyone to simultaneously access the
teachings of Islam from one source,” said Founder of ESV Shukhrat
The hardware and software tests for both Biteeu and Divine
are expected to be completed by November 2021.