'PayPal Galactic' Launches So You Can Buy Stuff in Space 'PayPal Galactic' Launches So You Can Buy Stuff in Space
- Most Read
Understand Consent With the Help of Stick Figures and a Cup of Teaby Craig Carilli
Scientists Discover That Nature Walks Are Great for Your Mental Healthby Heather Dockray
Compact “Cube” Home Allows You to Live Almost Anywhere in the Worldby Tod Perry
Mother’s Testimony Rallies Support in the Fight for a Living Wageby Sean McDonald
Teen With Asperger’s Beaten By Gang Gets Revenge in a Really Cool Wayby Tod Perry
Teens are Getting ‘Ugly’ for Social Media in Terrible Attempt to Stop Body Shamingby Steven Jung
What if Gender Roles in Advertising Were Reversed?by Pete(r) Karinen
Mormon Church Makes First Ever Donation to LGBT Communityby Heather Dockray
The World’s Deadliest Animal Is Probably Not What You Think It Isby Gabriel Reilich
'PayPal Galactic' Launches So You Can Buy Stuff in Space
by Meghan Neal
There's a lot of buzz these days about space tourism—even space colonization someday. It's coming. In many ways, it's already here. Wealthy adventurers have paid millions to orbit Planet Earth, and forward-thinking firms are designing hotels for the final frontier.
Someday, regular Joe Schmos will be vacationing on the moon, buying astroid souvenirs, staying at the swanky Milky Way Hotel.
Rest assured when that day comes, Paypal will be ready. In a wildly optimistic move (or publicity stunt, depending on how cynical you are), the company has announced Paypal Galactic, a forthcoming service for extraterrestrial e-commerce.
It's not as crazy as it sounds. If and when space travel does blow up—PayPal President David Marcus predicts "in a decade or so"— someone will have to facilitate the inevitable subsequent cosmic-commercialization. And, as Marcus put it, “We want to make sure that PayPal is the preferred way to pay from space and in space."
So far, they are leading the market. OK they are the market—maybe because PayPal jumped the gun on this by nearly a decade. Still the company, now owned by eBay, is pulling out all the stops. It's partnering with the Search for Extraterrestrial Intelligence (SETI) Institute, the Space Tourism Society, and even got Buzz Aldrin to make a statement for the announcement.
The rich and famous have their sights set on space. Visiting Mars is the life dream of Elon Musk, who, fittingly, was a cofounder of PayPal before founding SpaceX. Silicon Valley stars like Larry Page, Sergey Brin and Jeff Bezos are throwing money behind the quest to go to the final frontier, while Hollywood stars like Brad Pitt, Justin Bieber, and Ashton Kutcher are lining up to take the voyage. First come the celebs, then the commerce.
It will interesting to see how this plays out. A virtual currency? Cosmic coins? Simply an interplanetary infrastructure for charging credit cards? PayPal itself doesn't have the answers, but you have to give them credit for asking the questions.
“The one thing that’s very clear is that you’re not going to be using cash in space," a spokesperson told Mashable. "There’s not going to be security shuttles picking up notes and change.”
For more insight into what on earth (or, not on Earth, as it were) PayPal is thinking, check out the announcement video:
The Animals Most Likely to Kill You This Summer It’s probably not going to be a shark that gets you.
Environment Zara DeGroot
Get Excited for the Surprising Environmental Upshot to Driverless Cars Self-driving taxis won’t just change how we get around, they’ll change how we interact with our planet—for the better.
Environment Rafi Schwartz
Culture Steven Jung
Go Inside the Haunted Museum Getting Jaded New Yorkers Excited About Holographic Art The Hologram Center’s “Holohouse” lets visitors play with, and learn about, a uniquely modern form of artistic expression.
Design Laura Feinstein
Cyberbullying Just Became a Crime in New Zealand The country will enact tough penalties for one of the world’s newest crimes.
News Heather Dockray
Teen With Asperger’s Beaten By Gang Gets Revenge in a Really Cool Way Gavin is a bad-ass.
Culture Tod Perry
The Animals Most Likely to Kill You This Summer about 4 hours ago Get Excited for the Surprising Environmental Upshot to Driverless Cars about 9 hours ago Teens are Getting ‘Ugly’ for Social Media in Terrible Attempt to Stop Body Shaming about 10 hours ago Go Inside the Haunted Museum Getting Jaded New Yorkers Excited About Holographic Art about 12 hours ago Cyberbullying Just Became a Crime in New Zealand about 12 hours ago Teen With Asperger’s Beaten By Gang Gets Revenge in a Really Cool Way about 12 hours ago Nipple-Advocates Hack Sexist Internet Breast Censorship about 13 hours ago The Future of Nutrition is Vacuum-Sealed, Powdery, and Full of Insects about 13 hours ago President Obama To Make Historic Move and Free Dozens of Nonviolent Drug Offenders about 13 hours ago Compact “Cube” Home Allows You to Live Almost Anywhere in the World 1 day ago Mormon Church Makes First Ever Donation to LGBT Community 1 day ago A Mom Asked the NYC Ballet for a Special Program for Her Kid. Their Response Was Wonderful. 1 day ago
Project Literacy Building partnerships for a more literate future. Data for GOOD Harnessing the power of information. The GOOD Wellness Project How our choices help our bodies thrive. The 2014 GOOD City Index GOOD's annual breakdown of the most inspiring cities in the world. The GOOD Cities Project We create the cities we love, and the cities we love create us. The GOOD 100 Find out what kind of global citizen you are in this immersive quiz inspired by our annual celebration of 100 creative changemakers.