Paypal President: wallet "obsolete in four years"

[midnight rambler]

http://www.telegraph.co.uk/news/newstopics/howaboutthat/8609149/Wallet-obsolete-in-four-years.html

[beefsteak]

Next I suppose they are going to digitize "pants pockets"... *sarc*

[midnight rambler]

Next I suppose they are going to digitize "pants pockets"... *sarc*

Well of course, pockets are perfect hiding places for weapons - only terrorists need pockets.

[Dogman]

Wallet 'obsolete in four years'

The old-fashioned wallet will be obsolete in the US within four years, an electronic payments company has claimed


Scott Thompson, the president of PayPal, said: "We believe that by 2015 digital currency will be accepted everywhere in the US – from your local corner store to Walmart.
"We will no longer need to carry a wallet," said Mr Thompson, whose California-based company profits from customers switching from physical money to payments online and over mobile phone.

"Consumers are increasingly giving up traditional payment methods," including cash, cheques and even debit cards, Mr Thompson said.

Earlier this week Harrods became the latest major retailer to stop accepting cheques as payment.

Mr Thompson made the comments in a blog post to mark what the company claimed was its 100 millionth subscriber.

http://www.telegraph.co.uk/news/newstopics/howaboutthat/8609149/Wallet-obsolete-in-four-years.html




Bullshit! I will resist until they plant me in the ground. Besides that, there are other things a wallet Carries besides cash!

[Uncle Salty]

Bullshit! I will resist until they plant me in the ground. Besides that, there are other things a wallet Carries besides cash!

No shit. Where are young lads supposed to hide their condoms?

[Olmstein]

I no longer use a wallet anyway. I keep my money folded, with my cards (drivers license, etc) in the middle, kept together with an elastic band.

[keehah]

I use Paypal a lot less often these days.

But I'm not going claim that parasites are not attempting to grow between buyer and seller.

[drafter]

I've never had the cash stolen from my pocket, but I have been ripped off multiple times from thieves gaining access to my credit card numbers. If I could pay cash for everything I would.

[Large Sarge]

2014-2015 is when james turk (and others) are calling the top in this gold/silver bull, and the dollar collapse that is likely

[osoab]

I no longer use a wallet anyway. I keep my money folded, with my cards (drivers license, etc) in the middle, kept together with an elastic band.


Your a cabbie, I wouldn't carry my own cash in plain site either if I was in your position. I do thank you though. I will remember just were that cash might have been the next time I do a FRN transaction.

[Serpo]

Lets face it too some people the wallet has already become obsolete.....poverty