'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
Mom Fights Back After School Excludes Special Needs Studentsby Tod Perry
The Key to a Global Nutritional Crisis Might Be a Simple Iron Fishby Rafi Schwartz
Should You Really Wear That Bikini? This Chart Will Help You Out.by Adam Albright-Hanna
Make Some Art. Your Brain Will Thank You.by Katie Wudel Presented by Sambazon
Surreal Illustrations Help Anxiety Sufferers Find Common Groundby Craig Carilli
Yoga’s Surprising Brain Benefit May Erase the Effects of Chronic Painby Rafi Schwartz
Watch as This Couple Experience a Lifetime Together in a Single Dayby Craig Carilli
Walmart Anti-Union Training Video Leaksby 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:
Science Proves the Government Doesn’t Give a Shit About You Unless you have billions of dollars. Oh, you don’t? Sorry... Finally, we have data to back up what we already knew.
Culture Doug Patterson
Watch as Art Imitates Life in The Last Black Man in San Francisco A moving film about friendship, and the fight to call a place your home.
Culture Tasbeeh Herwees
Despite Ageist Sexism Maggie Gyllenhaal Remains Hopeful After being told she was too old to play the love interest of a 55-year-old man, the actress went from anger to laughter.
Culture Tod Perry
Mom Fights Back After School Excludes Special Needs Students 17 mentally disabled students from the Tooele County’s Community Learning Center aren’t appearing in this year’s yearbook.
Education Tod Perry
When Lego and Google Partner Online, Imagination Wins Web app “Build” is all the fun of regular Legos, with nothing to clean up afterwards.
Culture Tod Perry
Activists Revitalize Abandoned Detroit Home With Over 4,000 Flowers Florists and organizers join together to reimagine empty property, and change the way the world sees their community.
Culture Heather Dockray
Science Proves the Government Doesn’t Give a Shit About You about 9 hours ago Watch as Art Imitates Life in The Last Black Man in San Francisco about 9 hours ago Despite Ageist Sexism Maggie Gyllenhaal Remains Hopeful about 10 hours ago Mom Fights Back After School Excludes Special Needs Students about 10 hours ago When Lego and Google Partner Online, Imagination Wins about 11 hours ago Activists Revitalize Abandoned Detroit Home With Over 4,000 Flowers about 13 hours ago A Trailblazing Arts Festival Changing Global Perceptions of Turkey about 13 hours ago Bees Being Born in Time-Lapse is Beautiful about 14 hours ago The Road Home: Reclaim Detroit about 14 hours ago To Lower Your Risk for Prostate Cancer Try Having More Orgasms about 14 hours ago Anti-Surveillance Activists Take a Page From the NSA’s Playbook about 16 hours ago Girl Scouts Stand up to Right-Wing Criticism of Transgender Members about 16 hours 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.