PayPal eyes opportunities in outer space

PayPal, which claims more than 128 million active accounts in 193 markets and 25 currencies around the globe, is now looking at outer space.As space tourism is expected to take off, PayPal is exploring what payment systems will be like in outer space.The payments processor is launching Thursday with the SETI Institute and others an initiative called PayPal Galactic, which will bring together leaders in the space industry to discuss the issues surrounding the commercialization of space.The need for a payment system beyond earth already exists, the payments processor said in a blog post on Wednesday. Astronauts on space stations need, for example, to pay for bills back on earth and for entertainment, like music and ebooks, while in space, it added.To read this article in full or to leave a comment, please click here Continue reading at 'PC World'

[ PC World | 2013-06-27 00:00:00 UTC ]
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