PayPal is planning for payments in space. I’m Fred Fishkin with technology BootCamp, a report on gadgets and gear. They’re calling it the PayPal Galactic Initiative. The online payment company has been talking to SETI…and others about how commerce will take place outside of the bounds of earth. Senior Director of Global Initiatives Anuj Nayar says the need is not so far off. Space tourism is slated to get off the ground at the end of this year. And…
“There are literally hundreds of companies working on different ideas in space commerce. Make that asteroid mining or colonies set up outside of this world. And as the global leader in online payments…when we started to look at that we realized that nobody’s even asking the questions right now.”
About how commerce in space will take place. When you check into a space based hotel, how will you pay for that oxygen bottle from the mini bar? There’s much more to come. You can find us at BootCamp.com. I’m Fred Fishkin.