Tuesday, February 28, 2017
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
Forum posts:
Forum topics:
Members:

5853789
251405
165800

 
King Tut's tomb to undergo third set of scans
2-27-2017
A new team is set to attempt a last-ditch effort to find evidence of a secret chamber in the tomb.
Fossil of ancient giant penguin unearthed
2-27-2017
This newly described species of penguin is thought to have walked the Earth over 60 million years ago.
Half of all species could disappear by 2100
2-27-2017
Biologists have warned that up to a half of all species could be wiped out by the end of the century.
Hot springs holds 'hair freezing' competition
2-26-2017
Every year, visitors to the Takhini Hot Springs in Yukon are challenged to freeze their hair and brows.
Other news in this category
Astronauts could fly around the Moon by 2019
Posted 2-25-2017 | 7 comments
NASA is considering whether to send a crew on its first integrated Orion, SLS flight around the Moon....
 
7 Earth-sized worlds found around nearby star
Posted 2-22-2017 | 96 comments
NASA has announced the discovery of seven new planets including three within their star's habitable zone....
 
NASA to reveal 'major exoplanet discovery'
Posted 2-21-2017 | 96 comments
The space agency is due to announce its latest findings at a press conference on Wednesday morning....
 
NASA proposes redefining the word 'planet'
Posted 2-20-2017 | 22 comments
The move, if successful, could mean that our own solar system actually has more than 100 planets in it....
 
SpaceX Cape Canaveral launch is a success
Posted 2-19-2017 | 12 comments
The private space firm has successfully launched a Falcon 9 rocket from NASA's Kennedy Space Center....
 
Mars may be slowly forming a ring system
Posted 2-19-2017 | 5 comments
Mars may not be the most obvious place to look for rings, but that could soon be set to change....
 
Building blocks of life discovered on Ceres
Posted 2-17-2017 | 11 comments
NASA's Dawn spacecraft has found carbon-based materials similar to those found on the early Earth....
 
UAE plans to build a city on Mars by 2117
Posted 2-16-2017 | 12 comments
The extremely ambitious endeavour, which is known as 'Mars 2117', was announced in Dubai two days ago....
 
Could Hubble get another servicing mission ?
Posted 2-15-2017 | 4 comments
It is looking increasingly likely that the iconic space telescope will be receiving further upgrades....
 
Scientists discover 60 new extrasolar planets
Posted 2-14-2017 | 1 comment
The significant haul of new worlds includes a potentially habitable 'super-Earth' with a rocky surface....
 
ISS astronaut films rare blue jet lightning
Posted 2-12-2017 | 2 comments
The breathtaking natural phenomenon is typically unpredictable and lasts for only fractions of a second....
 

 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