Is Space The Final Frontier For Mobile Payments?

Somewhere out there in space, there’s an excellent possibility that even Captain Kirk has a PayPal account. And the next time he swings by the moon, he may be able to refuel or at least pick up a coffee all through the convenient mobile channels available to him by then. It sounds like a joke, …   Read More

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Somewhere out there in space, there’s an excellent possibility that even Captain Kirk has a PayPal account. And the next time he swings by the moon, he may be able to refuel or at least pick up a coffee all through the convenient mobile channels available to him by then.

It sounds like a joke, but PayPal has its eye on the sky as the payments giant recently announced “PayPal Galactic,” an effort that could unite leaders in the scientific community to begin developing the future of outer space commerce.

According to PayPal CEO David Marcus, there’s still a long way to go before this vision become a reality. Buy the planning has definitely begun.

Marcus admits that NASA currently offers resources and manpower to enable astronauts pay bills and even shop while in space.

Who knew?

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

As humans look to one day colonize other planets and worlds, PayPal is going to keep focusing on how a cash-free society can and should operate down the road.

“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?”

This is just one of the many “out of this world” questions being asked by PayPal today.

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