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  • May 3, 2012 9:32 am

    Mobile payments creeping closer in the US

    AllThingsD on Boku, the company that’s trying to bring the ability to pay for physical goods through carrier billing—already extant in some other countries—here, effectively making phone companies into transaction processors like Visa, MasterCard and Paypal.

    I don’t expect this to “take over” here any time soon, but what’s fascinating is the notion that, as Dan Rowinski wrote, “currency has always been a form of data,” and I would add, always a form of implicit trust. In another generation it’ll be quite possible for people to live their entire lives without ever handling physical money: the leap doesn’t, in this age of online banking and debit cards, seem very big.

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