"We believe that by 2015 digital currency will be accepted everywhere in the U.S., from your local corner store to Walmart," says Scott Thompson, PayPal president. "We will no longer need to carry a wallet."
The prediction came as PayPal announced it has reached 100 million active accounts.
PayPal believes that as the lines between online and offline commerce continue to blur, the payment industry’s model for is looking more and more like PayPal’s, says Sam Shrauger, PayPal VP. PayPal has been handling mobile payments since 2006, he says.
Wednesday, June 29, 2011
PayPal Sees End of Physical Wallets by 2015
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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