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PayPal Payments in Outer Space

paypal spacePayPal wants to own universal payments and commerce in space.  As in like, outer space.  Seriously.

Yesterday the company announced “PayPal Galactic”, bringing together leaders in the scientific community to begin developing the future of space commerce.  PayPal CEO David Marcus said there has yet to be a discussion about how people will make payments from space. Currently, NASA provides a team of people to help astronauts pay for bills and make purchases while they are traveling in space, according to Marcus.

“There’s about thousand people on Earth, literally a thousand people, who look after the astronaut on the ground,” he said.

PayPal is interested in solving what standard currency looks like in a cash-free society and also push the conversation towards regulation.  For example, Marcus said space tourism, and the need to pay for things in space, is rapidly approaching as the price of a seat on a spaceship continues to drop.

“You’re in the space hotel three years from now and you want to buy your morning coffee,” Marcus said. “What government is going to regulate that purchase?”

Remind me to take my MasterCard when I drop by the moon.  


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