Saturday, July 30, 2016
Contact us    |    Advertise    |   Help   RSS icon Twitter icon Facebook icon
    Home  ·  News  ·  Forum  ·  Stories  ·  Image Gallery  ·  Columns  ·  Encyclopedia  ·  Videos
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
There are currently no laws governing currency in space and Nayar said that the field was the "Wild West" for financiers. 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
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. 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 ... [More]
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
I smell universal financial collapse. We are currently in an universal financial collapse.
Comment icon #14 Posted by danielost on 28 June, 2013, 15:09
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 ****. 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 a bit, aren't they? Not seeing any orbiting Holiday Inns or Starbucks yet. jumping the gun? their standing on a ticking bomb With any luck, we'll move beyond a currency based system and simply come togather collectively to achieve great things out in the universe...I'm hoping there won't be a need for paypal 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.


  On the forums
Norway is planning to give Finland a mountain
7-30-2016
The summit of Mount Halti could be gifted to Finland to celebrate 100 years of independence from Russia.
Cheese discovered in 340-year-old shipwreck
7-29-2016
A container of foul-smelling cheese has been recovered from the site of a sunken 17th-century gunship.
Skydiver to jump without any parachute at all
7-29-2016
Skydiver Luke Aikins will be attempting to jump from 25,000ft and land in a safety net on live TV.
Apollo astronauts at risk of heart problems
7-29-2016
The astronauts who walked on the moon are up to five times more likely to die of cardiovascular disease.
Other news in this category
Apollo astronauts at risk of heart problems
Posted 7-29-2016 | 5 comments
The astronauts who walked on the moon are up to five times more likely to die of cardiovascular disease....
 
Philae mission officially comes to a close
Posted 7-27-2016 | 5 comments
After a year without communication, scientists have finally said goodbye to Philae for the last time....
 
Mystery surrounds missing craters on Ceres
Posted 7-26-2016 | 2 comments
Scientists have been attempting to determine why the dwarf planet Ceres has no large craters at all....
 
NASA to digitize data from Viking landers
Posted 7-25-2016 | 7 comments
The data recorded during the historic Viking Mars missions is set to be archived in digital form....
 
What made the Man in the Moon's right eye ?
Posted 7-23-2016 | 2 comments
Researchers in the US have been able to determine the origins of one of the moon's largest craters....
 
Excitement mounts over Earth-like exoplanets
Posted 7-20-2016 | 10 comments
Scientists have identified two distant worlds which could be ideal places to look for alien life....
 
NASA is working on next-gen Mars orbiters
Posted 7-19-2016 | 5 comments
The space agency is looking to develop orbiters that could help to support a future manned mission....
 
SpaceX rocket lands after space station trip
Posted 7-18-2016 | 5 comments
The private space firm has again demonstrated the viability of reusable rockets for routine missions....
 
New video imagines touching down on Pluto
Posted 7-17-2016 | 8 comments
NASA is celebrating the success of its New Horizons spacecraft by showcasing a new sequence of images....
 
'Morse code' pattern covers sand dune on Mars
Posted 7-12-2016 | 13 comments
A peculiar landscape of dots and dashes has been picked up by NASA's Mars Reconnaissance Orbiter....
 
New dwarf planet discovered beyond Neptune
Posted 7-12-2016 | 5 comments
Astronomers have identified a previously unknown dwarf planet in the outer reaches of the solar system....
 

 View: More news in this category
 
Top   |  Home   |   Forum   |   News   |   Image Gallery   |  Columns   |   Encyclopedia   |   Videos   |   Polls
UM-X 10.7 Unexplained-Mysteries.com 2001-2015
Privacy Policy and Disclaimer   |   Cookies   |   Advertise   |   Contact   |   Help/FAQ