Home From the Wires Paypal launches galactic payments

Paypal launches galactic payments

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Friday, June 28, 2013

Washington Post: Despite the lack of human settlement of other planets or even commercial space travel, Paypal wants to get a jump on potentially lucrative payments beyond Earth.

But it’s never too early to start planning, right?

Elon Musk sure thinks so. And PayPal apparently does, too. Or at least the eBay-owned company is pretending it does, if you think the following is a big marketing gimmick.

PayPal was set to announce on Thursday that it is spearheading an initiative, dubbed PayPal Galactic, to lead a discussion around what needs to happen to commercialize other planets. How will banks need to adapt? What payment systems can work in space and between space and Earth? And when on Mars, do you tip like a New Yorker or like a European? (Okay, that last question is mine.)

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