'PayPal Galactic' Launches So You Can Buy Stuff in Space 'PayPal Galactic' Launches So You Can Buy Stuff in Space
'PayPal Galactic' Launches So You Can Buy Stuff in Space
The Daily GOOD
Get our daily dose of information and inspiration. Sign up Now ›
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:
— Like us on Facebook to get more GOOD —
Turning Rubbernecking in Bangladesh into a Lifesaving Moment Without 9-1-1 or a reliable ambulance system, one med student and 100 volunteers launch a mobile-based emergency response system
Female Monks Challenge Buddhism’s Misogynistic Tendencies Long relegated to being the handmaidens of the more revered male monks, devout Thai women are now establishing their own religious order
If You Really Love Nature, Don’t Live Anywhere Near It Almost universally, people living in urban locations have a much smaller environmental footprint.
For Ernesto Yerena, Los Angeles is the City of Hustle and Hope Artist Ernesto Yerena’s visual love letter to the City of Hustle and Hope.
Books Stop Bullets at Tragic FSU Shooting A tragic shooting, a confusing profile of a would-be-killer, and a student saved by his library books
These Grandmas Smoke Pot For The First Time. And They Absolutely Love it. They take a few epic bong rips before waxing poetic on the merits of ironing, mistake a vaporizer for a sex toy, and stonily lose track of whatever thoughts they were briefly attempting to articulate.
If You See One Iranian Vampire Western Movie This Year, Make it This One The chador-wearing, skateboarding, vampire protagonist of A Girl Walks Home Alone at Night would fit right in to a John Hughes movie
There’s No Reason for Any Nation Not to Vaccinate its Feral Dogs Targeting the semi-wild dogs that roam city streets and rural hamlets all over the world can break the chain of rabies transmission and eliminate cases in humans
The Secret Origin of Neil deGrasse Tyson It took perseverance, intense training, and a willingness to defy expectations to turn a curious kid into the sharp, affable scientist we know today.
VITAMINS 101: Know What You Need Get the dish on your nutrition
Games Theory: 6 Views of a Mockingjay Just how socially relevant is The Hunger Games? Let us count the ways.
Here’s to You A toast to local hotspots around the world The best of the world’s neighborhood nooks.