Spacecoin signs strategic pacts for expansion in Africa, Southeast Asia

Decentralized satellite internet project Spacecoin (SPACE) announced it has signed agreements with governments and telecommunication companies in Africa and Southeast Asia to launch local Proof-of-Concept (PoC) demonstrations for its services. On Jan. 15, the project secured a satellite connection transmission license for Internet of Things (IoT) monitoring in collaboration with the Communications Authority of Kenya. Spacecoin is also pursuing similar satellite connection PoCs with governments and local partners in Cambodia and Indonesia. The company stated that the core of this cooperation is to bridge the communications gap in regions with low internet access and to validate the technology's local applicability. It added that regulatory bodies in key emerging markets have recognized the potential of its technology, leading to these collaborations. Spacecoin plans to complete its initial satellite constellation using its three CTC-1 satellites, which were successfully launched via SpaceX.