The wallet will be obsolete in 4 years

by Mick Weinstein|Published June 30, 2011

So says PayPal President Scott Thompson in a blog post announcing the 100 millionth active account on his company’s service:

As the trend toward digital currency continues to gain momentum, we are focused on delivering solutions that are not just new and different, but better than what is currently the norm today. We believe that by 2015 digital currency will be accepted everywhere in the U.S. – from your local corner store to Walmart. We will no longer need to carry a wallet.

Are you ready for that?

Source:

“PayPal Crosses First 100 million Active Accounts” Scott Thompson, ThePayPalBlog, 6/29/11 https://www.thepaypalblog.com/2011/06/paypal-crosses-first-100-million-active-accounts-4/

Image: somegeekintn

AUTHOR

Mick Weinstein

Mick is the Head of Editorial for Covestor, a financial journalist and online content specialist. Prior to joining Covestor, Mick was for five years the Editor in Chief and VP Content at stock market analysis website Seeking Alpha, where he built the editorial function as the site attracted over 3.5 million unique monthly visitors and developed an innovative platform for intelligent stock market discussion. Mick is a graduate of the University of Michigan, Ann Arbor.

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