PayPal chief: Wallets will be obsolete in five years

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Excerpt Telegraph telegraph.co.uk

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.

Continue Reading at Telegraph

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