Dive Summary:
- Popular eBay company PayPal has partnered with the SETI Institute to establish itself as a leader in space commerce and universal space payments, according to reports from Retailing Today.
- PayPal claims there is already a need for a universal galactic payment system for astronauts and The Space Tourism Society predicts that the first types of orbital and lunar commerce will begin within five to ten years.
- “PayPal and the SETI Institute are well-matched to work on PayPal Galactic because together we can create a recipe for innovation,” said Jill Tarter, the Bernard M. Oliver chair for the SETI Institute.
From the article:
“Trips to Mars, the moon, even orbit will require we provide astronauts and astro-tourists with as many comforts from home as possible, including how to pay each other,” added Aldrin. “Whether it’s paying a bill, or even helping a family member on Earth, we’ll need access to money. I think humans will reach Mars, and I would like to see it happen in my lifetime. When that happens I won't be surprised if people use PayPal Galactic for the little things and the big ones.”