3 ms·
US Mint CEO: "money could replace credit cards." Oh wait ...
by ovi256 16y ago
US 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