PayPal Galactic: "to help make universal space payments a reality."


Mon, Jul 8th, 2013 10:00 by capnasty NEWS

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.



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