A floating Bitcoin hub is being built on the former cruise ship

Crypto fans on board! Not far from Panama’s coast, a floating Bitcoin hub is being built on a former cruise ship.

Ocean Builders has acquired a former cruise ship. The special thing about it:

The pleasure boat will be called „Satoshi“ in the future and is to be converted into a refuge for Bitcoin companies and digital nomads in the Gulf of Panama.

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Ocean Builders manufactures „floating, off-grid residential units at sea“. In particular, its Chief Operating Officer, Chad Elwartowski, is according to the Maritime Executive – a news portal for the shipping industry – a fan of „sea reading“ . Seasteaders advocate the creation of habitats at sea, beyond government control. Elwartowski, who is a key investor at Satoshi , is also a Bitcoin enthusiast. He describes the aim of the ship project as follows:

We look forward to creating a hub for technology and innovation here in Panama. It is our goal to find out how to live sustainably on the sea and break new ground in this new territory.

Ship conversion as a result of Corona

The fact that the cruise ship formerly known as Pacific Dawn will be a Bitcoin hub in the future is a consequence of the corona pandemic , which has hit the cruise industry hard. The Carnival Cooperation group therefore sold the 91-year-old boat in order to consolidate its own fleet.

Ocean Builders takes possession of the ship on November 4th. It is to be operated in cooperation with the cruise management company Columbia Cruise Services.

Cabins in the Bitcoin Hub available soon

Ocean Builders wants to turn the Satoshi into a high-tech innovation center. Bitcoin start-ups should be given the opportunity to use their technologies in a „controlled environment“. In addition to office space, the ship is also designed as a place of residence. To this Elwartowski:

Our idea for families with children is to buy a room with a balcony or a sea view for the parents and a cheaper room across the hall for the children. We’d like to think of the cabin as a bedroom while your living room is the rest of the ship.