Do you think crypto will be the future for payments in space ?

[bakasabo]

I dont think that the transaction speed will be that different. We have seen how astronauts make live video calls to the Earth with good graphics pictures. That means that we already now have a technology to transfer heavy streaming videos from out of space. What a blockchain or regular bank (swift) transaction? Just a number of bytes. By the time technology develops so much that will allow us to fly from populated planet A to populated planet B, data transfer would be so fast, that it wont matter what you send.

But I think future payments in space a still very far. Space payment will be on when we will have a unite currency on Earth. And having one unite currency in every country looks impossible to me.

[SquallLeonhart]

I'd like to imagine those payment methods that we use now will not be a thing of the future. Actually, I would like to think that we won't need methods of payment at all. You see, space travel, at least any serious form of it is still a distant future, as well as is planetary colonization. When we reach the point where private payment of individuals (on a larger scale) could be conducted, we might have very well abolished the concept of money and payments in a future society.

I do believe that cards are not going anywhere but I do believe that apps will become the major thing in the future. If you do not need those machines and all you need is a phone to get paid then why would you require cards and those machines? That was what we needed back in the day but that is no longer needed right now. What do we really need to do now? We need a bank app that will allow the shop to show me a QR code and then I will open my bank app and then read that QR code and then I will be paying it, that's it.

I would be confirming and writing my pin and so forth on my app so that it is more secure but literally 2 phones is enough right now in technology. There are so many places that started using this as an option if you would like to and that needs to grow. That will be the future of the crypto world and the payment processing companies as well, apps on phones.

[Leviathan.007]

You are asking about the future of payment systems while we cannot be sure about anything even in a few days, however, with the current situation, bitcoin cannot be used as a payment method by itself, and there other alternative coins are not really trusted by old crypto users to be used a payment method. So, I believe at least right now fiat can be a better option for payments and both crypto and fiat are good in their own place.  

[el kaka22]

I dont think that the transaction speed will be that different. We have seen how astronauts make live video calls to the Earth with good graphics pictures. That means that we already now have a technology to transfer heavy streaming videos from out of space. What a blockchain or regular bank (swift) transaction? Just a number of bytes. By the time technology develops so much that will allow us to fly from populated planet A to populated planet B, data transfer would be so fast, that it wont matter what you send.

But I think future payments in space a still very far. Space payment will be on when we will have a unite currency on Earth. And having one unite currency in every country looks impossible to me.

The difference is that crypto is actually digital, so when you send something like a bitcoin to someone in mars, then you are already sending it and you do not have to do anything anymore, you are done. Whereas the difference is that if you are sending money in bytes and that's it in fiat, then you are not actually having paper there at all, in the regular world we could just send money trucks in between banks and it would work and there are no issues, if one bank store is getting too much compared to what they have, they will send it to main headquarters and all that.

What are we going to do, if I send 10 billion dollars to a bank in mars, then what are we going to do? Not like people could withdraw that in mars, not like we can withdraw 10 billion here neither, but in the end we are going to be at least having the money there, with the mars one we need to send the paper version there as well. This is the slow part.

[LUCKMCFLY]

I suppose that if, for the payments of different space travel (which are already in fashion) it is imperative to handle crypto and BTC, the amounts of money are enormous, and the only way to be able to bypass standard regulations with governments, banks and control entities it is with crypto.
In addition, in an eventual fall of the world economy, I think that the value in crypto could be maintained, but in order to guarantee it, work must be done in a network that never fails the internet or the power supply, the rest I think is a matter of implementation and I do not see something impossible, it is a fact that it will be so. For me Blockchain is the perfect bridge for this world with many.

[dunfida]

Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

https://www.jpmorgan.com/insights/technology/blockchain-in-space
https://www.reuters.com/business/finance/jpmorgans-blockchain-payments-test-is-literally-out-this-world-2021-02-24/

Actually there is already some tentative attempts in regards with this one.
Future payments? Maybe yes or no.

[Koro-Sensei]

Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

Yeah it could be. Aside from the securities it offers, crypto payments are much reliable and faster than other mode of payments. In terms of inter-planetary payments, I think its easy. Internet is probably available in Mars if humanity migrated there. It would be easy to set it up as well as technology is developing faster than any before. 

[breathlessz]

Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

Yeah it could be. Aside from the securities it offers, crypto payments are much reliable and faster than other mode of payments. In terms of inter-planetary payments, I think its easy. Internet is probably available in Mars if humanity migrated there. It would be easy to set it up as well as technology is developing faster than any before. 

far-fetched thinking. I think also the main thing that must be there is the human population on the planet mars and the internet network that can connect the two planets. We don't know what it will be like in the future, but it could happen that between the two planets there will be interdependence of businesses, thus triggering transactions

[electronicash]

Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

Yeah it could be. Aside from the securities it offers, crypto payments are much reliable and faster than other mode of payments. In terms of inter-planetary payments, I think its easy. Internet is probably available in Mars if humanity migrated there. It would be easy to set it up as well as technology is developing faster than any before. 

far-fetched thinking. I think also the main thing that must be there is the human population on the planet mars and the internet network that can connect the two planets. We don't know what it will be like in the future, but it could happen that between the two planets there will be interdependence of businesses, thus triggering transactions

seem far ahead of time really. i wouldn't go that far yet when we haven't even explorer the deepest oceans we have. 100 years later who knows what they would be teaching to our kids maybe the earth is actually flat and all those mars landings are just stunts.

the future of money is blockchain that's for sure, look at Mr. Mukele as he is just trolling even the IMF. if it weren't for Bitcoin, he will still be afraid of the future of his country but with BTC, seem like he can face all sanctions.

[Ozero]

Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

To solve questions about money on other planets inhabited by people, you first need to create the necessary living conditions on these planets. Of course, this will be done from our planet Earth, and therefore the currency used by the inhabitants of the Earth and primarily by corporations or states that will be engaged in interplanetary transportation will be used. Only after the necessary infrastructure for normal life is created on other planets or even satellites of the planets, when a decision is made to provide them with the status of autonomy, only then can there be a question about a separate currency. We can confidently say that this question will arise in more than one generation. By that time, a lot may have changed, including cryptocurrency.

[RondoAnyar]

I have never doubted the sophistication of technology because I know that the longer technology will advance and it is not even impossible that this technological era will make human civilization continue to develop from year to year.
but speaking of this I don't think I don't believe in interplanetary transactions.
but maybe the problem here is how we live there (another planet).
Indeed, for now, humans are intelligent in their thinking and some have even been able to reach mars and the moon, but that is still temporary and is still an experiment.
how can we think of a way to transfer between planets, we live on a planet other than earth, we still haven't thought about how to do it.

[Koro-Sensei]

Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

Yeah it could be. Aside from the securities it offers, crypto payments are much reliable and faster than other mode of payments. In terms of inter-planetary payments, I think its easy. Internet is probably available in Mars if humanity migrated there. It would be easy to set it up as well as technology is developing faster than any before. 

far-fetched thinking. I think also the main thing that must be there is the human population on the planet mars and the internet network that can connect the two planets. We don't know what it will be like in the future, but it could happen that between the two planets there will be interdependence of businesses, thus triggering transactions

He was talking about planets so I was just thinking about the possibilities that could emerge in the future. If NASA or any 3rd party businesses could transport humans to Mars and populate that planet, I think its not impossible to have an internet there as well as to satellite would be available there too. I don't think its far-fetched kind of thinking as its proven that technology is fast approaching. Payments in the other hand would be easier if internet could be established.

[DOH!]

Do you think crypto will be the future for payments in space ?

I think modern crypto payments are just one of the factors that allow for better security than how regular payments work.  Not to mention, the main direction of focus is towards creating a closed circle towards decentralized finance, where satisfaction needs to be overcome for a more liberal outcome to be expected.  blockchain is the main structure to facilitate not only payments but requirements at a more important level.

[Alert31]

Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

Your mind has come so far. Even me, I'm not sure if there are creatures like us that live on other planets. Or maybe if there is, their payment technology may be even more advanced and unlike our method and payment system.. But if it’s possible for people to live on another planet like Mars, I don’t think sending payments using bitcoin is a problem as long as planets A and B have an internet access.

[NeuroticFish]

I think the concept of internet will need to be reinvented for interplanetary commerce to happen.

That's correct. Radio communication to Mars (5-20 min) is already slow and needs improved. 3.03-3.11 minutes for the speed of light is also not great.
Some Ansible-like device/technology has to be invented first. And for that we, humans, need to find out how to send information in a faster-than-light manner. Let's be kind and say that it's gonna take a while...  

[kryptqnick]

Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

I'm very unsure that paying from planet A to planet be will become a thing in the next few centuries (for Earth), and by then there can be very different approaches to economy, and we might not be the ones to set the currency. After all, to accept payments in cryptos, the recipients must acknowledge their value. So for now, the only relevant question is about payments on Earth. And regarding that, huge money transfers can cost way less with cryptos than in fiat back transfers, but small-scale transactions are faster and way easier to perform using a debit card.

[lixer]

Do you think crypto will be the future for payments in space ?

How will they pay people long distance ... from planet A to planet B ?

Maybe in the future things are going to change, but now I don’t think anybody is leaving earth to go and leave on any other planet. Where exactly do you plan to live apart from earth, just fly out and be flying in space or what? Or are you going to be living on Mercury, Venus, or Mars?

Alright, I do know that humans do go to Mars, and some people believe that it is going to be possible for them to, maybe, move to Mars in future, but if you are doing your research on this, you will discover that humans cannot live on Mars now, although it is quite similar to earth, but it doesn’t have all the components that will make it possible for human beings to be living there. If you are to be dropped off on Mars, it is going to be a matter of days before you die.

[V-t.Ester]

Elon Mask promised that cryptocurrencies like Dogecoin or Marscoin once will become the official money of the Mars. In future the speed of transactions will be quicker as technologies are developing and become quicker. I’ve read that now Space Agencies are starting to launch satellites that transmit information from orbit to the Earth using lasers that significantly increase speed and quality of info they transmit. Maybe in future similar technology (or even better) will be used to transmit information (money transactions as well) from the Earth to people on the Moonbase, or on the Marsbase.

[Quidat]

Elon Mask promised that cryptocurrencies like Dogecoin or Marscoin once will become the official money of the Mars. In future the speed of transactions will be quicker as technologies are developing and become quicker. I’ve read that now Space Agencies are starting to launch satellites that transmit information from orbit to the Earth using lasers that significantly increase speed and quality of info they transmit. Maybe in future similar technology (or even better) will be used to transmit information (money transactions as well) from the Earth to people on the Moonbase, or on the Marsbase.

If they had promised out then  there might be some possibilities or tendency  that it could really happen since we are on a digital era or age
then we might really see that possibilities that it could happen but lets just wait up on what the future holds because as long these
innovation or changes would happen then that would really be a good option or addition for us to use.

[Anguwa]

With the current massive growth of cryptocurrency in the global world, it seems crypto will over take many mode exchanges and payment for good and services. Many countries are accepting cryptocurrency and many developed countries have some companies that has started accepting crypto payments. If this keep moving and the rate at which people embrace crypto, it will surely take up the entire world.