An astronaut takes many things into space, but a wallet isn't one of them. In humanity's relatively limited time in space, no new commercial infrastructure has emerged. What will be the currency of outer space? How will we regulate it? Who will prosecute the inevitable fraud? With multiple plans for the colonization of Mars already in the works, issues that once seemed abstract are becoming more pressing.
Legal minds have theorized — and science fiction has demonstrated — some answers to those questions. But aside from the occasional stunt, businesses have said little about the issue. PayPal, the payments division of eBay, aims to change that today with the announcement of PayPal Galactic. Together with the SETI Institute and the S...
via The Verge - All Posts http://www.theverge.com/2013/6/27/4468000/paypal-goes-galactic-to-answer-big-questions-about-money-in-space
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