Space & Astronomy
June 27, 2013 ·
17 comments
Image Credit: NASA
"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."
Source: The Register | Comments (17)
PayPal to set up galactic currency system
By T.K. RandallJune 27, 2013 ·
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. Now the company is looking to kick-start a conversation into how to become the payment platform for the solar system with PayPal Galactic.
Source: The Register | Comments (17)
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