Saturday, May 30, 2015   |   5,358 users online
Contact us    |    Advertise    |   Help   RSS icon Twitter icon Facebook icon
    Home  ·  News  ·  Forum  ·  Stories  ·  Image Gallery  ·  Columns  ·  Encyclopedia  ·  Videos  ·  Chat
Find: in

PayPal to set up galactic currency system


Posted on Thursday, 27 June, 2013 | Comment icon 17 comments


Image credit: NASA

 
PayPal are looking in to setting up a currency platform to cover a future interstellar economy.

Anuj Nayar, PayPal's director of communications, has said that with the growing interest in space tourism and with plans for space hotels and other commercial ventures on the horizon within the next few years now is a good time to look in to establishing a form of currency for use in space. PayPal is being joined by the SETI Institute, the Space Tourism Society and former astronaut Buzz Aldrin in exploring this concept.

"The time is right today because of all of the interest and movement and money and private/public options that are now moving into space," said Nayar. "This is a real renaissance in space."

"When PayPal launched 15 years ago it billed itself as the world's first global currency."

  View: Full article |  Source: The Register

  Discuss: View comments (17)

   


 
Recent comments on this story
Comment icon #8 Posted by danielost on 27 June, 2013, 23:11
sci-fi has already been using an universal curence. They call it credits and usually it kept on computers istead of cash. We are being forced that way now. One stp closer to not being able to buy or sale without the mark.
Comment icon #9 Posted by stevemagegod on 28 June, 2013, 2:05
That can change real quick. You p*** off the wrong person and boom Space is no longer the Wild West for financiers.
Comment icon #10 Posted by Shush_rules on 28 June, 2013, 9:56
Soooo, basically not at all different to what we have now? Seeing as all money IS "kept on computers", such as your financial records, and you have to use a computer in order to access any sort of cash. I don't think this is at all bringing anyone at all one step closer to the mark of the beast, assuming that is what you're referring to. Also... seems like a weird conclusion to come to from the news that PayPal is doing stupid ****.
Comment icon #11 Posted by Mindscanner on 28 June, 2013, 12:24
I am so sad in the fact that human create all the major disruption on this earth, I believe they will continue doing so in other neighboring planet, just another greedy plot to create destruction in human history after history all over again. If any of you would make it there, good luck, hopefully you won't get kicked out by the indigenous aliens!
Comment icon #12 Posted by smokeycat on 28 June, 2013, 14:25
Bitcoin.
Comment icon #13 Posted by danielost on 28 June, 2013, 15:07
We are currently in an universal financial collapse.
Comment icon #14 Posted by danielost on 28 June, 2013, 15:09
You won't be able to buy or sell without the comuter chip in your hand. Because, there won't be any cash. Except on the black market.
Comment icon #15 Posted by Zerocoder on 29 June, 2013, 11:44
Biatch Pl3as3, we can't keep the economy steady on Earth, and their going for space? -.- jumping the gun? their standing on a ticking bomb a nice dream, Politicians & Greedy basterds won't allow that as long as they live
Comment icon #16 Posted by Antilles on 29 June, 2013, 13:10
I was shopping last night and the site I was buying from had me defaulting to paypal unless I disagreed. That's pretty sneaky and I'm guessing quite a few people get caught that way.
Comment icon #17 Posted by Erowin on 1 July, 2013, 4:43
We'll need an interstellar payment system when we get with aliens. Maybe something like 'credits' from Mass Effect, a universal electronic currency spendable on any planet.


Please Login or Register to post a comment.


Other news in this category
NASA confident about finding life on Europa
Posted 5-29-2015 | 17 comments
The space agency has outlined its upcoming mission to determine if Jupiter's icy moon is habitable....
 
ESA discovers ancient supervolcano on Mars
Posted 5-22-2015 | 15 comments
The Siloe Patera crater on Mars is now believed to be the collapsed center of an enormous volcano....
 
China to land probe on far side of the moon
Posted 5-20-2015 | 29 comments
China's burgeoning space program is set to attempt something that nobody has ever tried before....
 
Mysterious space plane set for new mission
Posted 5-18-2015 | 14 comments
The X-37B will be launching again on Wednesday however nobody knows exactly what it will be doing....
 
Giant asteroid to safely miss the Earth today
Posted 5-14-2015 | 14 comments
Media reports of a close shave with a mile-wide asteroid have thankfully turned out to be exaggerated....
 
Sarah Brightman cancels trip in to space
Posted 5-14-2015 | 21 comments
The soprano had been set to become the first professional singer in space later on this year....
 
Dark material on Europa could be sea salt
Posted 5-13-2015 | 6 comments
The dark substance that litters the surface of Europa is now believed to be sodium chloride....
 
NASA solves mystery of bright spots on Ceres
Posted 5-13-2015 | 206 comments
New photographs have provided important new clues to help solve the riddle of the mystery bright spots....
 
Enceladus' ocean is similar to lakes on Earth
Posted 5-11-2015 | 8 comments
The subsurface ocean on Saturn's moon is very similar to life-bearing salt lakes on our own planet....
 
NASA plans to send robotic eel to Europa
Posted 5-11-2015 | 19 comments
An unconventional type of rover could be used to explore the oceans beneath Jupiter's icy moon....
 
Mars plan suggests Phobos mission by 2033
Posted 5-10-2015 | 7 comments
Astronauts on a manned mission to Mars could first use its moon Phobos as a staging area....
 

 View: More news in this category
 
Top   |  Home   |   Forum   |   News   |   Image Gallery   |  Columns   |   Encyclopedia   |   Videos   |   Polls
UM-X 10.6 Unexplained-Mysteries.com © 2001-2015
Privacy Policy and Disclaimer   |   Cookies   |   Advertise   |   Contact   |   Help/FAQ