How we're going to pay for things during space travel - KMSP-TV

How we're going to pay for things during space travel

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Astronaut Buzz Aldrin and PayPal have been extremely concerned with something the rest of us haven't given an ounce of thought to: How are we going to pay for things when we're living or vacationing in space?

PayPal Galactic is preparing for "the future of space commerce" by asking the following questions:

What will our standard currency look like in a truly cash-free interplanetary society?
How will the banking systems have to adapt?
How will risk and fraud management systems need to evolve?
What regulations will we have to conform with?
How will our customer support need to develop?

No, this isn't satire. No, you're not reading The Onion. This is apparently actually happening.

"We may not answer these questions today or even this year, but one thing is clear, we won't be using cash in space," said PayPal president David Marcus.

"Trips to Mars, the moon, even orbit will require we provide astronauts and astro-tourists with as many comforts from home as possible, including how to pay each other," Aldrin said. "Whether it's paying a bill, even helping a family member on Earth, we'll need access to money. I think humans will reach Mars, and I would like to see it happen in my lifetime. When that happens I won't be surprised if people use PayPal Galactic for the little things and the big ones."

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