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As with many new technology advances in the finance sector, I predict this to be use for crime. Right now it's easy for criminals to get money into paypal acco
by s_henry_paulson 14y ago
As with many new technology advances in the finance sector, I predict this to be use for crime.
Right now it's easy for criminals to get money into paypal accounts, but difficult to get money in their hands, because it often requires steps that involve tying a transaction to a bank account or something traceable.
If someone can just walk into a store and type a couple of numbers into a keypad and walk out with items worth cash, it gives the criminals an easy gateway to spend their ill-gotten funds.
- jrajav 14y agoI'm assuming that the number tied to your account would be verified, in which case that becomes the new traceable tie between you and the account. If it's not verified, I certainly agree.
- s_henry_paulson 14y agoPhone numbers are not traceable. Google voice, etc.