PayPal Galactic Initiative to Tackle Payments in Space, Paypal Forward
"The time has now come for us to start planning for the future; a future where we aren't just talking about global payments. Today, we are expanding our vision off Earth into space.
What we once deemed to be science fiction has become a reality. Space travel is opening up for "the rest of us" thanks to Virgin Galactic, Space X and a host of other space tourism programs including the Space Hotel that hopes to be in orbit by 2016. The enabling infrastructure pieces are starting to come together, and as we start planning to inhabit other planets, the practical realities of life still need to be addressed."
Marc's update: PayPal Launches PayPal Galactic but We're Not Sure Why [Watch], SpaceRef
"In what can only be described as a bizarre news conference today, PayPal President David Marcus introduced PayPal Galactic. What is PayPal Galactic? According to Marcus, it's a visionary program being spearheaded by PayPal to bring together the leaders in the space industry to work on the "big questions" related to the commercialization of space."
"Our PayPal Galactic initiative is launching on Thursday, live from the SETI Institute, supported by key organizations in the scientific community. This visionary program, spearheaded by PayPal and working with the SETI Institute, aims to bring together leaders in the space industry to work on the big questions around the commercialization of space. These include:
- What will our standard currency look like in a truly cash-free interplanetary society?
- How will the banking systems have to adapt?
- How will risk and fraud management systems need to evolve?
- What regulations will we have to conform with?
- How will our customer support need to develop?"
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