Friday, October 20, 2017
Contact us    |    Advertise    |   Help   RSS icon Twitter icon Facebook icon
    Home  ·  News  ·  Forum  ·  Stories  ·  Image Gallery  ·  Columns  ·  Encyclopedia  ·  Videos
Find: in
This news story is archived which means that, while it is still available to view, the information contained within may be outdated and the original source site/link may no longer be viewable.

For the most recent stories, please visit either the site's home page or main news section.

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
Forum posts:
Forum topics:
Members:

6009489
258459
170286

 
9.7 million-year-old hominin teeth discovered
10-20-2017
The surprising find has the potential to completely rewrite everything we know of early human history.
Flying insect numbers drop by 75% in 27 years
10-20-2017
A new study has highlighted a huge reduction in the number of flying insects in Germany's nature reserves.
Car appears out of nowhere in puzzling footage
10-20-2017
An intriguing optical illusion has been leaving social media users scratching their heads this week.
Huge 50km-long cave discovered on the Moon
10-19-2017
The Japanese space agency JAXA has announced the discovery of a cave hidden beneath the lunar surface.
Other news in this category
Huge 50km-long cave discovered on the Moon
Posted 10-19-2017 | 19 comments
The Japanese space agency JAXA has announced the discovery of a cave hidden beneath the lunar surface....
 
Saturn's rings are raining down methane
Posted 10-18-2017 | 1 comment
NASA has revealed the discovery of methane and other chemicals in the gas giant's upper atmosphere....
 
Neutron star smash signals major breakthrough
Posted 10-16-2017 | 33 comments
For the first time ever, gravitational waves and light have been picked up from the same cosmic event....
 
Scottish scientists send a teacake in to space
Posted 10-16-2017 | 6 comments
Thousands of people watched online as the popular confectionery was launched in to the heavens on Friday....
 
How close are we to finding Planet Nine ?
Posted 10-15-2017 | 5 comments
Scientists have developed a computer simulation that defines the exact orbit and behavior of Planet Nine....
 
China's space station is falling back to Earth
Posted 10-14-2017 | 15 comments
The Chinese space agency's Tiangong 1 space laboratory will hit the ground within the next few months....
 
ESO to announce an 'unprecedented discovery'
Posted 10-13-2017 | 33 comments
Astronomers have revealed that they will be sharing a major new discovery with the world on October 16....
 
Half of the universe's missing matter found
Posted 10-12-2017 | 15 comments
A long-standing mystery concerning the whereabouts of the universe's missing matter has been solved....
 
Evidence of a massive lake discovered on Mars
Posted 10-11-2017 | 22 comments
NASA's Mars Reconnaissance Orbiter has identified the site of an ancient lake on the Red Planet's surface....
 
Gravitational waves announcement incoming
Posted 10-11-2017 | 6 comments
Nobel Prize winner Rainer Weiss and his colleagues have hinted at an upcoming 'exciting announcement'....
 
Mars astronauts could have their DNA altered
Posted 10-9-2017 | 15 comments
NASA has been exploring ways to protect astronauts from deadly radiation during future missions to Mars....
 

 View: More news in this category
 
Top   |  Home   |   Forum   |   News   |   Image Gallery   |  Columns   |   Encyclopedia   |   Videos   |   Polls
UM-X 10.7 Unexplained-Mysteries.com © 2001-2017
Privacy Policy and Disclaimer   |   Cookies   |   Advertise   |   Contact   |   Help/FAQ