PayPal Predicts the End of the Wallet By 2015 391
BogenDorpher writes "As new technology emerges, one can safely assume that the days of carrying a wallet will soon end. In fact, PayPal believes that by the year 2015, no one will be carrying a wallet anymore. Instead, mobile payment methods will be taking over."
I hope that.. (Score:4, Insightful)
The broker for those payments isn't PayPal, what a horrible company.
Wallet != Money (Score:5, Insightful)
Wallets aren't only used to carry money or credit cards.
PayPal. (Score:1, Insightful)
One less thing to carry (Score:5, Insightful)
Not until... (Score:3, Insightful)
Funny about PayPal making a claim like that. (Score:3, Insightful)
Not a chance (Score:5, Insightful)
Not if PayPal is the middle-man.
no one CARES what paypal says (Score:5, Insightful)
no one respects paypal, no one trusts them. they won't come clean and be a proper bank (and I use the term 'proper' very loosely).
who the hell cares what some microblog says about what paypal thinks? news flash: greedy ceo's dream of taking over the world. film at 11.
crap article to create panic (and page refreshes). this really should have been filtered, slashies.... please do a better job picking the greenlit articles next time.
In other news... (Score:3, Insightful)
Bull (Score:5, Insightful)
Never Gonna Happen
The illegal market depends on cash too much. If they took away cash people would start carrying around platinum, gold, silver and copper coins again as well as having funds deposited in foreign currency and the US government won't let that happen. China will go paperless long before the US does.
Comment removed (Score:3, Insightful)
Re:I hope that.. (Score:4, Insightful)
The broker for those payments isn't PayPal, what a horrible company.
They are idiots, run by the same idiot philosophy which drives eBay - almost no customer service.
PayPal is a perfect example. (Score:0, Insightful)
A perfect example of corruption on par with employees of Federal Reseve System. Both of them advocate the People from having full value of their currency in the form of a monetised Specie of needed metal like silver or even copper or aluminum as what Americans should start on earliest if unable to secure the more precious decorative alloys.
The only primary reason the European Union is failing is that charter is corrupt to liquidate assets rather than restore full faith and credit with the actual currency "basket." If US domestic "dollars" were used more as an secondary and otherwise inferior method of "adjusting" a trade of actual product, and thereby that currency was only used to pad that trading, then the tax revenue would fall because only US domestic "dollars" are the 2-sided private credit that is exposing Americans to taxation.
You need to think to yourself when something becomes taxable, and why US domestic "dollars" are being treated as a government-sanctioned permit that allows you to conditionally own property in a inferior title rather than Allodium fee simple of an original trade of value for value. It's that the corruption stems from the verry offices of trust where taxes are appraised to that corrupt currency that is otherwise obsolete when the People re-discover House Joint Resolution 192 to dis-charge their liabilities using a a Congress-sanctioned way-Bill. Still, the corruption remains in that you are ever elevated to the pervue of such corrupt franchising institution that ploys all walks of death onto anyone, including it's first fraud in creating their alter-ego Birth Certificate as though a contract signed by a child unable who is unable to object because they are only minutes of age outside the womb. That Birth Certificate fraud has the pressing of American Banknote Company all over it, and the more the government burns the Bill of Rights is evidence the more that the people at large should burn their Birth Certificates: if you are expected to pay the National Debt without the Bill of Rights present then you should burn the Birth Certificate, meanwhile the Public Debt sky-rockets to render dormant and fruitless the several States outside of America and the United States.
Because we all know that uis how countries are destroyed: by recognizing their sole monetary unit of value and not using it until the officers are unable to revolve their book-keeping. In not using lawful money, then the several States are crippled and that is how the United States has introduced it's overlay over America by first destroying the lawful banking of US Notes in allowing the flood of Federal Reserve Notes to control the markets.
Re:One less thing to carry (Score:2, Insightful)
This will work oso well in rural areas with sketchy, if not non-existent, data service.
And forget about any dead-battery issues. Or your phone just being bricked because you dropped it in the toilet at the last rest stop.
Heavens! What if the cop wanted to physically take your license? What if read your messages? Or perused your address book? No potential problems there, nosiree!
Sorry. A cell phone is just too darn fragile to rely on for important ID. It's also too fragile for sole use as a wallet. Do you really want your wallet to be something you take out of the safety of your pocket for every little whim? Do you really want your wallet subject to having a dead battery? Just think. You could be stranded with NO money, NO identification, and NO way to call for help. That's real smart.
I might use my phone for financial transactions, but there is no way I'll rely on it for ID or be my sole financial instrument.
Re:Bull (Score:4, Insightful)
The size of the illegal market will also continue to increase, as more things will become illegal.
But heck, I like using cash when I'm _not_ doing anything knowingly illegal. Sometimes you just want to fork over some money and be anonymous. No, I don't want you to add this item to my profile. No, I don't want to sign anything. No, I don't want to transfer enough of my identity to you that you can buy things "on my behalf" after your shfit ends. No, you can't have my phone number. No, you can't have my zip code. No, I don't have email. Give me my fucking $item and stop asking questions.