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Wow. My battery-powered cellular telephone, requiring a 2-year contract can replace a piece of plastic with a magnetic strip? What is next? My automobile can
by chopsueyar 16y ago
Wow. My battery-powered cellular telephone, requiring a 2-year contract can replace a piece of plastic with a magnetic strip?
What is next? My automobile can be used to replace credit cards, as well.
I can speed past the Starbuck's window and the barista can simply throw the coffee at me as I drive by.
- eli 16y agoSure, if starbucks took EZ Pass
- chopsueyar 16y agoEZ Pass CEO: "EZ Pass could replace credit cards."
- ovi256 16y agoUS Mint CEO: "money could replace credit cards." Oh wait ...
- chopsueyar 16y agoTo be considered 'money', it must be a unit of account, a store of value, and a medium of exchange. Credit cards are not a unit of account, nor are cellular telephones, nor is the Android OS. Credit cards are not a store of value. Cellular telephones may be. I have seen old brick phones on eBay sell for a premium in mint condition. Oh wait... http://en.wikipedia.org/wiki/Medium_of_exchange http://en.wikipedia.org/wiki/Medium_of_exchange http://en.wikipedia.org/wiki/Store_of_value http://en.wikipedia.org/wiki/Store_of_value http://en.wikipedia.org/wiki/Unit_of_account http://en.wikipedia.org/wiki/Unit_of_account
- ergo98 16y agoThe magnetic strips are increasingly a relic of the past. My CCs have both a chip, and a near-field PayPass system- http://www.mastercard.com/us/personal/en/aboutourcards/paypass/how_to_tap.html http://www.mastercard.com/us/personal/en/aboutourcards/paypa...
- chopsueyar 16y agoI know...I cloned them last week.