Tuesday, July 12, 2011
PayPal Has to be In Retail Payments
PayPal believes that by 2015, digital currency will be accepted everywhere in the United States, from local businesses to large chains. By "digital currency," PayPal means a viable currency alternative to credit cards, debit cards and cash. Already a leader in online payments, PayPal believes the next, and largest opportunity, is retail payments at physical locations.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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