PayPal not only wants to help you make transactions in cyberspace, it also wants to be the leading authority "about doing business in outer space." To this end, according to NPR, PayPal "is creating the PayPal Galactic project along with the SETI Institute, 'to help make universal space payments a reality.'"
"PayPal envisions exploring possibilities in space the way that we do, breaking boundaries to make real progress," says . "When the SETI Institute succeeds in its exploration of the universe, and as we find our place among the stars, PayPal will be there to facilitate commerce, so people can get what they need, and want, to live outside of our planet."
Among the possibilities are things as rudimentary as paying bills back on Earth while you're out in space, either working as an astronaut or traveling as a tourist. And because life can be quiet in the dark vacuum of space, PayPal expects people living there will need a way to buy things like music and e-books.
"Within five to 10 years the earliest types of 'space hotels' and orbital and lunar commerce will be operational and in need of a payment system," says John Spencer, founder and president of the , which is taking part in the research.
|In the Future of 'Her,' Technology Has Progressed to the Point That it Doesn't Need to Look Like Technology|
|1 in 8 to Cut Cable and Satellite TV in 2010|
|"Workers are losing the race between education and technology."|
|"He believes that the way his toddler learns and reasons may hold the key to making machines much more intelligent."|
|Google's Purchase of Nest's Smart Thermostat Could Mean an Even More Intrusive Search Giant in Our Lives|
|“Astronomers have sent a radio message to a neighbouring star system.”|
|“When automation starts displacing lawyers, accountants and bankers, then we might see some push-back.”|
|“A photograph of the last male northern white rhinoceros.”|
|How to Avoid Jury Duty|
|CaptchaTweet: Write Tweets in Captcha Form|
|“A fraudster poses as an attractive woman and encourages a man to masturbate in front of a webcam.”|
|“Semis, not personal cars, are the smartest use of autonomous technology.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|“Facebook has contributed to, and profited from, the erosion of democratic norms in the United States.”|
|“The homemade airplane does indeed fly!”|
|Short Story of Similar Objects|
|“The company’s ambition, its ruthlessness, and its lack of a moral compass scare me.”|