Tuesday, January 24, 2012

Alternative payment methods

Imagine a world in which all you need before heading out the door to shop, grab a bite or catch a movie is your smartphone. That is right: no wallet, credit cards or cash required, just your smartphone.

Imagine a world when people are going to quit writing articles about how we get to leave slim bits of non-traceable paper and slim plastic magic credit cards that we can charge goods and services with and instead rely on a tax from the phone company.

People writing these articles make out that rfid / pin / mobile app based payment systems are all going to be puppy dogs and rainbows but at the end of the day you still have to pay for your goods, you are still going to have to carry something, and someone is still going to get shafter with the spiv for carrying costs of the transaction.


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