- Quasi Universal Intergalactic Denomination
The Quasi Universal Intergalactic Denomination, called the 'Quid', is a prototype for a possible future type of
currencyfor use by space tourists.Cite web|url=http://news.bbc.co.uk/1/hi/business/7029564.stm|title=New currency for space travellers|accessyear=2007|accessmonthday=October 9|publisher= BBCNews|year=2007|author= BBCNews] Cite web|url=http://www.upi.com/NewsTrack/Quirks/2007/10/06/going_into_space_better_bring_some_quid/4113/|title=Going into space? Better bring some quid|accessyear=2007|accessmonthday=October 9|publisher=United Press International|year=2007|author=United Press International] Cite web|url=http://news.sky.com/skynews/article/0,,30400-1287061,00.html|title=Quids In: New Space Currency Launched|accessyear=2007|accessmonthday=October 9|publisher=Sky News|year=2007|author=Sky News] The idea behind the design was to create a possible form of currency that would have no sharp edges, no harmful chemicals, and be made out of a material that would stand up to the rigors of space travel. The Quid is made from teflon, and has rounded edges to prevent damage in low gravity environments.Cite web |url=http://www.travelex.co.uk/press/ENG/DOC_QUID_10042007.asp| title=Travelex Press Release |accessyear=2007|accessmonthday=October 9|publisher=Travelex|year=2007|author=Travelex|language=English] Cite web|url=http://www.channel4.com/news/articles/business_money/space+currency+named+quids/879462|title=Space currency named 'quids'|accessyear=2007|accessmonthday=October 9|publisher=Channel 4 News|year=2007|author=Channel 4 News] The full name is a backronymfrom 'quid', a slang term for the British Pound.
With the growth and popularity of commercial space travel looming in the future, the
National Space Centrepredicts that within five years, trips to space will be commonplace, and by the year 2050, there will be tourist facilities on the Moon. Bigelow Aerospaceis developing an inflatable space hotel, and Virgin Galacticis developing SpaceShipTwo. All these possibilities combined, required a unique solution to currency. Professor George Fraser of the University of Leicestersays, "In the fullness of time, we will have to adopt a universal currency if we are going to carry out serious commerce in space. It's an interesting initiative."
Because of difficulties with using common forms of currency such as cash or
credit cards in space, it is theorized that a special form of currency will be needed for the unique environment. The magnetic strips on credit cards would most likely be damaged by the levels of radiation in space, and the sharp edges of coins could damage spacecraft, equipment, or astronauts when flying loose in space. Also of concern, using a currency that would require authorizationby communicating with Earth would be impractical for future space travelers, who may go great distances from the Earth.
The end result was a series of circular clear discs, with colored centers, symbolizing the eight
planets of the Solar Systeminside, and denominations ranging from 1 to 10. Each quid coin would have its own unique code number, similar to the serial numberon paper currency, to allow tracking, and to prevent counterfeiting. Travelex has stated it plans to work with the Bank of Englandto begin registering the Quid as possible legal currency in the future.
The proposed current conversion rate is 6.25 British Pounds per one Quid, or about 12.77 USD, but since it is an experimental prototype, the Quid is not accepted in any current market, cannot be purchased, and therefore has no value.
Space Tourism Society
List of private spaceflight companies
* [http://dvice.com/archives/2007/10/travelex_quid_intergalactic_cu.php DVICE: Travelex QUID: "Intergalactic currency" for your next trip into space]
* [http://blogs.nature.com/news/thegreatbeyond/2007/10/space_currency_nonsense.html Nature.com blog:‘Space currency’ nonsense]
* [http://rescommunis.wordpress.com/2007/10/22/space-money-and-space-law/ Res Communis blog: Space Law and Space Money]
* [http://blog.wired.com/gadgets/2007/10/useless-space-m.html Wired.com: Useless Space Money Invented]
Wikimedia Foundation. 2010.