Meet Your Space Bucks: The Quasi Universal Intergalactic Denomination
Foreign exchange specialist Travelex today unveiled a unit of currency that has been created for use in space. It is the first currency of its kind in the universe and has been developed in partnership with a team of scientists from the National Space Centre and the University of Leicester.
With Virgin Galactic making its maiden voyage in 2009 and with the signing in April this year of the Global Exploration Initiative, an agreement between the US and the UK to work together on future planetary explorations to the Moon and beyond, Space Tourism is soon to become commonplace. Recognising that tourists could soon be heading further than Spain and Greece Travelex has teamed up with the National Space Centre to create the Quasi Universal Intergalactic Denomination or QUID.
The QUID has been designed to withstand the stresses of space travel and the extreme environment found in orbit around the Earth. It has also been created so that it can be purchased on earth in any one of the 176 currencies used around the globe.
Professor George Fraser from the University of Leicester commented: “None of the existing payment systems we use on earth - like cash, credit or debit cards - could be used in space for a variety of different reasons. Anything with sharp edges, like coins, would be a risk to astronauts while the chips and magnetic strips used in our cards on Earth would be damaged beyond repair by cosmic radiation. What’s more, because of the distances involved, it is more than 230,000 miles from the Earth to the moon, chip and pin technology is also out of the question.”
Professor Fraser continued: “We have had to completely rethink the design of the currency from the materials used to the payment mechanisms and aesthetics. The currency cannot contain any chemicals that might contaminate the astronauts’ life support systems and must be able to survive the extreme environment of space. We also had in mind that the currency should be meaningful for any intelligent life we might encounter in other planetary systems.”
A space qualified polymer called PTFE (polytetrafluoroethylene) will be used to construct the QUID’s - a material widely used by space agencies because of its versatility and durability. Best known for the ‘Teflon’ non-stick pan coating, it can resist high temperatures and corrosive materials. Importantly, too, the currency will not emit any dangerous chemicals into the space tourists’ environment. As a plastic it can be moulded into any shape so can have round edges to avoid damaging people and equipment if accidentally allowed float free in zero gravity.
Different colours and sizes are used to denote different values. They are valued from one to ten and by looking at today’s rates one QUID would cost you £6.25, 12.5 dollars or 8.68 Euros.
Source: Travelex