Good news for off-world Terrans and Xenomorphs who need to purchase some much needed laser ammunition to go on gigantic space battles against shadowy evil forces threatening the mega-verse; PayPal is monetizing "off-world" transactions through its new 'Galactic' program.

In other words; PayPal is launching future plans to allows transactions of money off-Earth. It really sounds like a far-fetched concept, however it isn't really when you think the company is securing its future for the next couple of hundred years when space travel could possibly become a more frequent commute.

To make this happen PayPal is partnering with a series of leading scientific organizations and figures — including SETI Institute, the Space Tourism Society and famous astronaut Buzz Aldrin.

Along with Virgin, SpaceX and others aiming to commercialize space travel, the company is looking to address the following topics:

  • 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?

More details about this announcement can be downloaded at paypal-galactic.com. However the company summarised this new announcement with the following statement:

“Specific details still need to be addressed, and we look forward to keeping you updated with our progress and to the day when we are truly able to make space a commercial reality.”

I just can't wait until my grandkids (or their Alien overlords) look back and unarchive this old article I wrote a couple of hundred / thousand years from now and have a good laugh at my cynical sarcasm in the first few paragraphs.

Now ...I think its time for me to startup a few of my company ideas; The Tyrell Corporation, Weyland-Yutani and maybe become the governor of Mars renaming myself Vilos Cohaagen.