Saturday, 30 May 2020


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Paypal plans to debut in space

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The money transfer service Paypal plans to debut in space. The company wants to start studying methods of payment beyond planet Earth when it begins to develop space tourism. According to the company, it will run an initiative called Galactic PayPal in collaboration with the American Institute of search for extraterrestrial intelligence SETI and the Space Tourism Society, a group focused on space travel. And is that spatial tourism is just around the corner. In 2011 Dennis Tito became the first man to travel into space as a tourist. Tito paid $ 20 million but soon there will be similar cosmic travel by an amount substantially less. That if, for now only the wealthy can afford, because cheaper tickets on sale now costing $ 95,000 per person. At the moment, Paypal aims to find out how could operate the commerce in space. However, it is unknown how exactly this trade would be regulated and which currency would be used. The astronaut Buzz Aldrin, the second man to walk on the moon, supports the initiative. "You need to have access to money, whether to pay a bill or to help a family member that is in the earth," said the astronaut in a statement. "We are at the dawn of a new era of commerce and space tourism," said Aldrin when I sponsor the launch of PayPal Galactic. "I think that humans will reach to Mars, and I would like it to happen while I'm still alive. When this happens, wouldn't surprise me that people use PayPal Galactic", he added.  


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